Is Willowick, 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, Willowick has remained a Seller's Market.
Key Takeaway
Willowick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willowick, OH
How much do homes in Willowick, OH cost?
Median Sold Price
$180,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Willowick have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Willowick was $180,000 in March 2024, up 2.9% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $51.5K | -9.6% |
| 2 Bedrooms | $130K | $170.5K | +31.2% |
| 3 Bedrooms | $172.5K | $178.5K | +3.5% |
| 4 Bedrooms | $186K | $187K | 0.5% |
| 5+ Bedrooms | $209.5K | $228.5K | +9.1% |
Summary: Willowick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 31.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Wickliffe | $165.9K | $181K | +9.1% |
| Eastlake | $165K | $180K | +9.1% |
| Willowick | $175K | $180K | +2.9% |
| Euclid | $127K | $130K | +2.4% |
| Willoughby | $247.2K | $245K | -0.9% |
Housing Supply in Willowick, OH
How many homes are available in Willowick, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The Willowick real estate market had 56 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 | 11 | 4 | -63.6% |
| 3 Bedrooms | 29 | 42 | +44.8% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Willowick 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 decreased by 63.6%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willowick, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Willowick in March 2024, up by 58.3% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Willowick, OH
How long does it take to sell a home in Willowick, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 59 Days | +35.7% |
Summary: Homes in Willowick had an average of 59 days on market in Mar 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willowick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Willowick; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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