Is Middleburg Heights, 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, Middleburg Heights has remained a Seller's Market.
Key Takeaway
Middleburg Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleburg Heights, OH
How much do homes in Middleburg Heights, OH cost?
Median Sold Price
$250,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middleburg Heights have sold for 2% more than they did a year ago.
Summary: The median home sold price in Middleburg Heights was $250,000 in April 2024, up 2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | - | N/A |
| 2 Bedrooms | $160K | $141.5K | -11.6% |
| 3 Bedrooms | $253K | $270K | +6.7% |
| 4 Bedrooms | $292K | $305K | +4.5% |
| 5+ Bedrooms | $302.5K | $485K | +60.3% |
Summary: Middleburg Heights 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 decreased by 11.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 60.3%.
Median Sold Price Compared To Nearby Cities
| Berea | $196K | $228K | +16.3% |
| Brookpark | $185K | $209.9K | +13.5% |
| Brook Park | $185K | $209.9K | +13.5% |
| Parma Heights | $186.7K | $195K | +4.4% |
| Middleburg Heights | $245K | $250K | +2.0% |
Housing Supply in Middleburg Heights, OH
How many homes are available in Middleburg Heights, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Middleburg Heights real estate market had 37 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Middleburg Heights 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 decreased by 15.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleburg Heights, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Middleburg Heights in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Middleburg Heights, OH
How long does it take to sell a home in Middleburg Heights, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 17 Days | -51.6% |
Summary: Homes in Middleburg Heights had an average of 17 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
10 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 Middleburg Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Middleburg Heights; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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