Is North Shore Colinwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Shore Colinwood was a Neutral Market.
Key Takeaway
North Shore Colinwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Shore Colinwood, OH
How much do homes in North Shore Colinwood, OH cost?
Median Sold Price
$100,500
$58/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Shore Colinwood have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in North Shore Colinwood was $100,500 in April 2024, down 8.6% from last year, and the median price per square foot was $58.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $79.9K | $93K | +16.4% |
| 3 Bedrooms | $120.1K | $100K | -16.8% |
| 4 Bedrooms | $118.2K | $106K | -10.4% |
| 5+ Bedrooms | $113K | $100K | -11.5% |
Summary: North Shore Colinwood 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 increased by 16.4%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in North Shore Colinwood, OH
How many homes are available in North Shore Colinwood, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 42 | -14.3% |
Summary: The North Shore Colinwood real estate market had 42 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The North Shore Colinwood 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Shore Colinwood, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in North Shore Colinwood in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for North Shore Colinwood, OH
How long does it take to sell a home in North Shore Colinwood, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 56 Days | -48.7% |
Summary: Homes in North Shore Colinwood had an average of 56 days on market in Apr 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Shore Colinwood has remained consistent over time.
Summary: During April 2024, 9 homes were sold in North Shore Colinwood; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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