Is Wickliffe, 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, Wickliffe has remained a Seller's Market.
Key Takeaway
Wickliffe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wickliffe, OH
How much do homes in Wickliffe, OH cost?
Median Sold Price
$181,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wickliffe have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Wickliffe was $181,000 in March 2024, up 9.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $117.5K | +56.7% |
| 3 Bedrooms | $170K | $182K | +7.1% |
| 4 Bedrooms | $183.2K | $191.4K | +4.5% |
| 5+ Bedrooms | $230K | $255K | +10.9% |
Summary: Wickliffe 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 56.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Willoughby Hills | $272.5K | $324K | +18.9% |
| Wickliffe | $165.9K | $181K | +9.1% |
| Willowick | $175K | $180K | +2.9% |
| Willoughby | $247.2K | $245K | -0.9% |
Housing Supply in Wickliffe, OH
How many homes are available in Wickliffe, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The Wickliffe real estate market had 36 homes for sale in March 2024, a 5.9% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wickliffe 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 decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wickliffe, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Wickliffe in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Wickliffe, OH
How long does it take to sell a home in Wickliffe, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 30 Days | -23.0% |
Summary: Homes in Wickliffe had an average of 30 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wickliffe are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Wickliffe; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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