Is University Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University Heights is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, University Heights has remained a Seller's Market.

Key Takeaway

University Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in University Heights, OH cost?

Median Sold Price

$230,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,662(+14.8%)

Key Takeaway

Homes in University Heights have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $175K$140.8K
-19.5%
3 $184.2K$204.5K
+11.0%
4 $225K$249.9K
+11.1%
5+ $222.5K$336.5K
+51.2%

Median Sold Price Compared To Nearby Cities

Beachwood
+23.1%
University Heights
+14.8%
Cleveland Heights
+14.7%
Shaker Heights
+10.3%
South Euclid
+10.3%

How many homes are available in University Heights, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
5751-10.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 2625
-3.8%
4 2421
-12.5%
5+ 63
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
2012-40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University Heights, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
45 Days40 Days-10.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in University Heights has remained consistent over time.

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

About University Heights, OH

University Heights, OH has 51 homes for sale to choose from. The inventory of homes for sale in University Heights, OH between October 2022 and November 2022 decreased by 10.5%. In November 2022, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $230,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 19.5%, prices of 3 bedrooms properties increased by 11%, prices of 4 bedrooms properties increased by 11.1%, 5 bedrooms properties became 51.2% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 100%, volume of 3 bedrooms homes went down by 3.8%, number of 4 bedrooms homes decreased by 12.5%, volume of 5 bedrooms homes went down by 50%. University Heights, OH housing market in November 2022 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 7 sold below.

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