Is Lyndhurst, 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, Lyndhurst has remained a Seller's Market.
Key Takeaway
Lyndhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyndhurst, OH
How much do homes in Lyndhurst, OH cost?
Median Sold Price
$215,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lyndhurst have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Lyndhurst was $215,000 in March 2024, up 4.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $82K | +2.5% |
| 2 Bedrooms | $139.2K | $145K | +4.1% |
| 3 Bedrooms | $199.5K | $206.7K | +3.6% |
| 4 Bedrooms | $255K | $241K | -5.5% |
| 5+ Bedrooms | $257.5K | $303K | +17.7% |
Summary: Lyndhurst housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Highland Heights | $369K | $423.2K | +14.7% |
| Richmond Heights | $199K | $220.9K | +11.0% |
| Mayfield Heights | $195K | $215K | +10.3% |
| Lyndhurst | $205.9K | $215K | +4.4% |
| South Euclid | $160K | $164.5K | +2.8% |
Housing Supply in Lyndhurst, OH
How many homes are available in Lyndhurst, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Summary: The Lyndhurst real estate market had 57 homes for sale in March 2024, a 12.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 33 | 26 | -21.2% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lyndhurst housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyndhurst, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Lyndhurst in March 2024, down by 22.7% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Lyndhurst, OH
How long does it take to sell a home in Lyndhurst, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 29 Days | -34.0% |
Summary: Homes in Lyndhurst had an average of 29 days on market in Mar 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lyndhurst are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Lyndhurst; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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