Is Warrensville 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, Warrensville Heights has remained a Seller's Market.
Key Takeaway
Warrensville Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warrensville Heights, OH
How much do homes in Warrensville Heights, OH cost?
Median Sold Price
$110,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warrensville Heights have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Warrensville Heights was $110,000 in March 2024, up 1.9% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $51K | +13.3% |
| 3 Bedrooms | $134.4K | $116.2K | -13.5% |
| 4 Bedrooms | $104K | $140K | +34.6% |
| 5+ Bedrooms | - | $217K | N/A |
Summary: Warrensville Heights 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 13.3%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Warrensville Heights | $108K | $110K | +1.9% |
| Orange | $543.7K | $550K | +1.1% |
Housing Supply in Warrensville Heights, OH
How many homes are available in Warrensville Heights, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The Warrensville Heights real estate market had 40 homes for sale in March 2024, a 14.3% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Warrensville Heights 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 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrensville Heights, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Warrensville Heights in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 23 Days | -56.9% |
Summary: Homes in Warrensville Heights had an average of 23 days on market in Mar 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warrensville Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Warrensville Heights; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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