Is Lyndhurst, 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, Lyndhurst has remained a Seller's Market.
Key Takeaway
Lyndhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyndhurst, OH
How much do homes in Lyndhurst, OH cost?
Median Sold Price
$215,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lyndhurst have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Lyndhurst was $215,000 in April 2024, up 3.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $82K | -0.6% |
| 2 Bedrooms | $139.2K | $150K | +7.7% |
| 3 Bedrooms | $200K | $207.4K | +3.7% |
| 4 Bedrooms | $255K | $242K | -5.1% |
| 5+ Bedrooms | $250K | $303K | +21.2% |
Summary: Lyndhurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Highland Heights | $369K | $430K | +16.5% |
| Mayfield Heights | $193K | $217.2K | +12.6% |
| Richmond Heights | $204.5K | $219.5K | +7.3% |
| Lyndhurst | $207.8K | $215K | +3.4% |
| South Euclid | $162.7K | $164.5K | +1.1% |
Housing Supply in Lyndhurst, OH
How many homes are available in Lyndhurst, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 66 | +10.0% |
Summary: The Lyndhurst real estate market had 66 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lyndhurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyndhurst, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Lyndhurst in April 2024, up by 16.7% month-over-month. Of the 21 sold homes, 33% were sold under asking, 14% were sold at asking, and 52% were sold over asking.
Days on Market for Lyndhurst, OH
How long does it take to sell a home in Lyndhurst, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 36 Days | -13.0% |
Summary: Homes in Lyndhurst had an average of 36 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyndhurst are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Lyndhurst; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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