Is Eastlake, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eastlake has remained a Seller's Market.
Key Takeaway
Eastlake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastlake, OH
How much do homes in Eastlake, OH cost?
Median Sold Price
$189,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eastlake have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Eastlake was $189,000 in April 2024, up 11.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | - | N/A |
| 2 Bedrooms | $128.8K | $145K | +12.5% |
| 3 Bedrooms | $171.5K | $190K | +10.8% |
| 4 Bedrooms | $195K | $246K | +26.2% |
| 5+ Bedrooms | $250K | $250K | 0.0% |
Summary: Eastlake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Eastlake | $170K | $189K | +11.2% |
| Willowick | $175K | $180K | +2.9% |
| Willoughby | $245K | $239.5K | -2.2% |
Housing Supply in Eastlake, OH
How many homes are available in Eastlake, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 64 | -12.3% |
Summary: The Eastlake real estate market had 64 homes for sale in April 2024, a 12.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 51 | 41 | -19.6% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Eastlake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastlake, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Eastlake in April 2024, down by 13.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Eastlake, OH
How long does it take to sell a home in Eastlake, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +46.4% |
Summary: Homes in Eastlake had an average of 30 days on market in Apr 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastlake are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Eastlake; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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