Is Highland Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Highland Heights has remained a Seller's Market.
Key Takeaway
Highland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Heights, OH
How much do homes in Highland Heights, OH cost?
Median Sold Price
$425,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Highland Heights have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Highland Heights was $425,000 in November 2023, up 21.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330.8K | $300K | -9.3% |
| 3 Bedrooms | $315K | $360K | +14.3% |
| 4 Bedrooms | $360K | $478.5K | +32.9% |
| 5+ Bedrooms | $588.2K | $597K | +1.5% |
Summary: Highland Heights housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Highland Heights | $350K | $425K | +21.4% |
| Lyndhurst | $200K | $206K | +3.0% |
| Willoughby Hills | $285K | $275K | -3.5% |
| Mayfield | $352.5K | $339.5K | -3.7% |
Housing Supply in Highland Heights, OH
How many homes are available in Highland Heights, OH?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Highland Heights real estate market had 25 homes for sale in November 2023, a 7.4% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Highland Heights housing inventory by bedroom type for November 2023 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Heights, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Highland Heights in November 2023, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Highland Heights, OH
How long does it take to sell a home in Highland Heights, OH?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +8.3% |
Summary: Homes in Highland Heights had an average of 25 days on market in Nov 2023, up by 8.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 8 homes were sold in Highland Heights; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
