Is Cuyahoga County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cuyahoga County has remained a Seller's Market.
Housing Prices in Cuyahoga County, OH
How much do homes in Cuyahoga County, OH cost?
Median Sold Price
$189,410
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cuyahoga County was $189,410 in March 2024, up 4.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $91.5K | +7.6% |
2 Bedrooms | $137.7K | $144.1K | +4.6% |
3 Bedrooms | $175K | $184.9K | +5.6% |
4 Bedrooms | $243.9K | $240.4K | -1.4% |
5+ Bedrooms | $256.1K | $250.9K | -2.0% |
Summary: Cuyahoga County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Counties
Lake County | $198.9K | $214.8K | +8.0% |
Summit County | $180.2K | $188.8K | +4.8% |
Cuyahoga County | $181.5K | $189.4K | +4.4% |
Geauga County | $330K | $340K | +3.0% |
Housing Supply in Cuyahoga County, OH
How many homes are available in Cuyahoga County, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,995 | 4,249 | +6.4% |
Summary: The Cuyahoga County real estate market had 4,249 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 68 | 72 | +5.9% |
2 Bedrooms | 512 | 554 | +8.2% |
3 Bedrooms | 1,823 | 1,933 | +6.0% |
4 Bedrooms | 1,124 | 1,212 | +7.8% |
5+ Bedrooms | 468 | 478 | +2.1% |
Summary: The Cuyahoga County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
996 | 1,067 | +7.1% |
Asking Price vs. Sold Price
539 Homes Were Sold
Under Asking
160 Homes Were Sold
At Asking
368 Homes Were Sold
Over Asking
Summary: A total of 1,067 homes were sold or pending in Cuyahoga County in March 2024, up by 7.1% month-over-month. Of the 1,067 sold homes, 51% were sold under asking, 15% were sold at asking, and 34% were sold over asking.
Days on Market for Cuyahoga County, OH
How long does it take to sell a home in Cuyahoga County, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 45 Days | -5.5% |
Summary: Homes in Cuyahoga County had an average of 45 days on market in Mar 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
589 Homes Were Sold
Under 30 Days
297 Homes Were Sold
In 30 - 90 Days
181 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1067 homes were sold in Cuyahoga County; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.