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 seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Warrensville Heights, OH cost?

Median Sold Price

$111,500

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$25,500(+29.7%)

Key Takeaway

Homes in Warrensville Heights have sold for 29.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $33K$43.5K
+31.8%
3 $109.5K$131K
+19.6%
4 $90K$125K
+38.9%
5+ $206K-
N/A

Median Sold Price Compared To Nearby Cities

Warrensville Heights
+29.7%
Orange
+3.5%

How many homes are available in Warrensville Heights, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
3544+25.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 210
+400.0%
3 2627
+3.8%
4 77
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
310+233.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 70% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
69 Days49 Days-29.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

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

About Warrensville Heights, OH

Warrensville Heights, OH has 44 homes on the market. Between November 2022 and December 2022, Warrensville Heights, OH real estate market has seen increase in the number of listings by 25.7%. The median list price of listings available in December 2022 was $111,500, while the average time on the real estate market was 49 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 31.8% more expensive, 3 bedrooms properties became 19.6% more expensive, the cost of 4 bedrooms properties went up by 38.9%, prices of 5 bedrooms properties went up by 0%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 400% more available, 3 bedrooms homes became 3.8% more available, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. Warrensville Heights, OH housing market in December 2022 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 7 sold below.

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