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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrensville Heights is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Warrensville Heights was a Seller's Market.

Key Takeaway

Warrensville Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Warrensville Heights, OH

How much do homes in Warrensville Heights, OH cost?

Median Sold Price

$135,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,000(+28.6%)

Key Takeaway

Homes in Warrensville Heights have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in Warrensville Heights was $135,000 in September 2024, up 28.6% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $50K$53K
+6.0%
3 $121.2K$140K
+15.5%
4 $89K$129.9K
+46.1%
5+ $217K-
N/A

Summary: Warrensville Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Warrensville Heights
+28.6%
Bedford Heights
+15.3%
Orange
-3.8%

Housing Supply in Warrensville Heights, OH

How many homes are available in Warrensville Heights, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3340+21.2%

Summary: The Warrensville Heights real estate market had 40 homes for sale in September 2024, a 21.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 2224
+9.1%
4 58
+60.0%
5+ 11
0.0%

Summary: The Warrensville Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrensville Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Warrensville Heights in September 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Warrensville Heights, OH

How long does it take to sell a home in Warrensville Heights, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days39 Days+108.1%

Summary: Homes in Warrensville Heights had an average of 39 days on market in Sep 2024, up by 108.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warrensville Heights are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in Warrensville Heights; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Warrensville Heights, OH

Nearby Markets to Warrensville Heights, OH

What housing markets are near Warrensville Heights, OH?