Is Geauga County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Geauga County has remained a Seller's Market.
Key Takeaway
Geauga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geauga County, OH
How much do homes in Geauga County, OH cost?
Median Sold Price
$340,833
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Geauga County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Geauga County was $340,833 in April 2024, up 3.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $305K | +172.3% |
| 2 Bedrooms | $187.5K | $190K | +1.3% |
| 3 Bedrooms | $275.5K | $288.8K | +4.8% |
| 4 Bedrooms | $407.6K | $425.2K | +4.3% |
| 5+ Bedrooms | $559K | $549K | -1.8% |
Summary: Geauga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Lake County | $199.9K | $214.9K | +7.5% |
| Portage County | $235.2K | $249.7K | +6.2% |
| Trumbull County | $139.9K | $146.1K | +4.4% |
| Cuyahoga County | $182.8K | $189.6K | +3.7% |
| Geauga County | $330.2K | $340.8K | +3.2% |
Housing Supply in Geauga County, OH
How many homes are available in Geauga County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 189 | 195 | +3.2% |
Summary: The Geauga County real estate market had 195 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 72 | 76 | +5.6% |
| 4 Bedrooms | 70 | 80 | +14.3% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Geauga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geauga County, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Geauga County in April 2024, down by 8.8% month-over-month. Of the 52 sold homes, 27% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for Geauga County, OH
How long does it take to sell a home in Geauga County, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 35 Days | -18.6% |
Summary: Homes in Geauga County had an average of 35 days on market in Apr 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geauga County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 52 homes were sold in Geauga County; 65% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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