Is Shaker 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, Shaker Heights has remained a Seller's Market.
Housing Prices in Shaker Heights, OH
How much do homes in Shaker Heights, OH cost?
Median Sold Price
$303,666
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shaker Heights was $303,666 in March 2024, up 10.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $45K | -19.6% |
2 Bedrooms | $80.2K | $83K | +3.4% |
3 Bedrooms | $183.9K | $207K | +12.6% |
4 Bedrooms | $325K | $325K | 0.0% |
5+ Bedrooms | $440K | $452.5K | +2.8% |
Summary: Shaker Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
University Heights | $230K | $260K | +13.0% |
Shaker Heights | $275.6K | $303.6K | +10.1% |
Beachwood | $389.5K | $413.2K | +6.1% |
Cleveland Heights | $195K | $199.9K | +2.6% |
Housing Supply in Shaker Heights, OH
How many homes are available in Shaker Heights, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 132 | +8.2% |
Summary: The Shaker Heights real estate market had 132 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 45 | 52 | +15.6% |
5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Shaker Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 30 | -11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Shaker Heights in March 2024, down by 11.8% month-over-month. Of the 30 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for Shaker Heights, OH
How long does it take to sell a home in Shaker Heights, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 53 Days | -7.7% |
Summary: Homes in Shaker Heights had an average of 53 days on market in Mar 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Shaker Heights; 53% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.