Is North Olmsted, 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, North Olmsted has remained a Seller's Market.
Housing Prices in North Olmsted, OH
How much do homes in North Olmsted, OH cost?
Median Sold Price
$245,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Olmsted was $245,000 in April 2024, up 7.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $77.5K | +29.2% |
2 Bedrooms | $128.7K | $134.9K | +4.8% |
3 Bedrooms | $225K | $240K | +6.7% |
4 Bedrooms | $282.7K | $304.5K | +7.7% |
5+ Bedrooms | $320K | $344.9K | +7.8% |
Summary: North Olmsted housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
Brook Park | $185K | $209.9K | +13.5% |
Brookpark | $185K | $209.9K | +13.5% |
North Olmsted | $227.7K | $245K | +7.6% |
Olmsted Township | $232.5K | $243.5K | +4.7% |
Westlake | $353.7K | $369K | +4.3% |
Housing Supply in North Olmsted, OH
How many homes are available in North Olmsted, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 89 | +3.5% |
Summary: The North Olmsted real estate market had 89 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 26 | 20 | -23.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The North Olmsted 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 increased by 15%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 36 | +44.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in North Olmsted in April 2024, up by 44.0% month-over-month. Of the 36 sold homes, 28% were sold under asking, 3% were sold at asking, and 69% were sold over asking.
Days on Market for North Olmsted, OH
How long does it take to sell a home in North Olmsted, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 19 Days | -27.1% |
Summary: Homes in North Olmsted had an average of 19 days on market in Apr 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in North Olmsted; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.