Is Strongsville, 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, Strongsville has remained a Seller's Market.
Key Takeaway
Strongsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Strongsville, OH
How much do homes in Strongsville, OH cost?
Median Sold Price
$314,333
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Strongsville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Strongsville was $314,333 in March 2024, up 5.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $224K | $240K | +7.1% |
| 3 Bedrooms | $270K | $285K | +5.6% |
| 4 Bedrooms | $360K | $377.6K | +4.9% |
| 5+ Bedrooms | $415K | $415K | 0.0% |
Summary: Strongsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Berea | $195.1K | $225K | +15.3% |
| Strongsville | $296.9K | $314.3K | +5.8% |
| Middleburg Heights | $247.5K | $250K | +1.0% |
| North Royalton | $285K | $285K | 0.0% |
| Columbia Station | $430K | $430K | 0.0% |
Housing Supply in Strongsville, OH
How many homes are available in Strongsville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 84 | +9.1% |
Summary: The Strongsville real estate market had 84 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Strongsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Strongsville, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Strongsville in March 2024, down by 13.8% month-over-month. Of the 25 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Strongsville, OH
How long does it take to sell a home in Strongsville, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 49 Days | +17.0% |
Summary: Homes in Strongsville had an average of 49 days on market in Mar 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Strongsville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Strongsville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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