Is Mayfield Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayfield Heights is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Mayfield Heights has remained a Seller's Market.

Key Takeaway

Mayfield Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mayfield Heights, OH cost?

Median Sold Price

$196,800

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$23,300(+13.4%)

Key Takeaway

Homes in Mayfield Heights have sold for 13.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $89.9K$160K
+78.0%
2 $139.9K$150K
+7.2%
3 $175K$204.7K
+17.0%
4 $230.1K$281.5K
+22.3%
5+ $320K$298K
-6.9%

Median Sold Price Compared To Nearby Cities

Mayfield
+15.8%
Pepper Pike
+15.3%
Mayfield Heights
+13.4%
Lyndhurst
+12.0%
Highland Heights
+7.9%

How many homes are available in Mayfield Heights, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
8666-23.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 10
-100.0%
2 1612
-25.0%
3 5744
-22.8%
4 1210
-16.7%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3222-31.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayfield Heights, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
37 Days30 Days-18.2%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mayfield Heights are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mayfield Heights, OH

Number of homes for sale in Mayfield Heights, OH real estate market have reached 66. The number of listings in Mayfield Heights, OH decreased by 23.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 30 days, the median list price was $196,800. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 78%, 2 bedrooms properties became 7.2% more expensive, 3 bedrooms properties prices increased by 17%, prices of 4 bedrooms properties went up by 22.3%, prices of 5 bedrooms properties went down by 6.9%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes became 25% less available, volume of 3 bedrooms homes went down by 22.8%, volume of 4 bedrooms homes went down by 16.7%, 5 bedrooms homes inventory did not change. Over 6 listings were sold over their listed price in October 2022 in Mayfield Heights, OH. In the same period over 12 listings were sold below the listed price and 4 listings were sold for the listed price.

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