Is Mayfield Heights, 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, Mayfield Heights has remained a Seller's Market.
Housing Prices in Mayfield Heights, OH
How much do homes in Mayfield Heights, OH cost?
Median Sold Price
$215,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mayfield Heights was $215,000 in March 2024, up 10.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $73K | -54.4% |
2 Bedrooms | $150.9K | $180K | +19.2% |
3 Bedrooms | $197.5K | $220K | +11.4% |
4 Bedrooms | $281.5K | $300K | +6.6% |
5+ Bedrooms | $372.5K | $372.5K | 0.0% |
Summary: Mayfield Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.4%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gates Mills | $555K | $800K | +44.1% |
Highland Heights | $369K | $423.2K | +14.7% |
Mayfield Heights | $195K | $215K | +10.3% |
Lyndhurst | $205.9K | $215K | +4.4% |
Mayfield | $356K | $340K | -4.5% |
Housing Supply in Mayfield Heights, OH
How many homes are available in Mayfield Heights, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Summary: The Mayfield Heights real estate market had 40 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 2 | 8 | +300.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayfield Heights 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mayfield Heights in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Mayfield Heights, OH
How long does it take to sell a home in Mayfield Heights, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 23 Days | -51.5% |
Summary: Homes in Mayfield Heights had an average of 23 days on market in Mar 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Mayfield Heights; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.