Is Cuyahoga County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cuyahoga County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Cuyahoga County has remained a Seller's Market.

Key Takeaway

Cuyahoga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cuyahoga County, OH

How much do homes in Cuyahoga County, OH cost?

Median Sold Price

$189,646

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,781(+3.7%)

Key Takeaway

Homes in Cuyahoga County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Cuyahoga County was $189,646 in April 2024, up 3.7% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $85K$92.5K
+8.8%
2 $139.9K$143.8K
+2.7%
3 $176.3K$185K
+4.9%
4 $243.5K$240.1K
-1.4%
5+ $255.3K$247.2K
-3.2%

Summary: Cuyahoga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Counties

Lake County
+7.5%
Summit County
+4.2%
Cuyahoga County
+3.7%
Geauga County
+3.2%

Housing Supply in Cuyahoga County, OH

How many homes are available in Cuyahoga County, OH?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4,3144,387+1.7%

Summary: The Cuyahoga County real estate market had 4,387 homes for sale in April 2024, a 1.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 7177
+8.5%
2 563562
-0.2%
3 1,9631,965
0.1%
4 1,2401,294
+4.4%
5+ 477489
+2.5%

Summary: The Cuyahoga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1,1591,234+6.5%

Asking Price vs. Sold Price

537 Homes Were Sold
Under Asking

163 Homes Were Sold
At Asking

534 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cuyahoga County, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 1,234 homes were sold or pending in Cuyahoga County in April 2024, up by 6.5% month-over-month. Of the 1,234 sold homes, 44% were sold under asking, 13% were sold at asking, and 43% were sold over asking.

Days on Market for Cuyahoga County, OH

How long does it take to sell a home in Cuyahoga County, OH?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days37 Days-8.8%

Summary: Homes in Cuyahoga County had an average of 37 days on market in Apr 2024, down by 8.8% compared to last year.

Breakdown of Home Sale Times

723 Homes Were Sold
Under 30 Days

362 Homes Were Sold
In 30 - 90 Days

149 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1234 homes were sold in Cuyahoga County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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 5 Days Ago

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