Is Moreland Hills, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moreland Hills is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Moreland Hills was a Neutral Market.

Key Takeaway

Moreland Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Moreland Hills, OH cost?

Median Sold Price

$785,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$257,500(+48.8%)

Key Takeaway

Homes in Moreland Hills have sold for 48.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $270K-
N/A
3 $378.5K$460K
+21.5%
4 $600K$800K
+33.3%
5+ $800K$1.1M
+43.4%

Median Sold Price Compared To Nearby Cities

Moreland Hills
+48.8%
Chagrin Falls Township
+10.1%
Chagrin Falls
+10.1%

How many homes are available in Moreland Hills, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
2016-20.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 03
+100.0%
3 31
-66.7%
4 107
-30.0%
5+ 75
-28.6%

Number of Homes Sold

Sep 2022Oct 2022%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moreland Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
23 Days105 Days+350.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Moreland Hills are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Moreland Hills, OH

Moreland Hills, OH has 16 homes on the market. The inventory of homes for sale in Moreland Hills, OH between September 2022 and October 2022 decreased by 20%. In October 2022, listings were on the market for 105 days. During the same period, the median list price in this real estate market was $785,000. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 21.5%, the cost of 4 bedrooms properties went up by 33.3%, prices of 5 bedrooms properties increased by 43.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 100% more available, 3 bedrooms homes became 66.7% less available, 4 bedrooms homes became 30% less available, number of 5 bedrooms homes decreased by 28.6%. In October 2022 more than 0 listings in Moreland Hills, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

Related Housing Market Reports