Is Mayfield Heights, 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, Mayfield Heights has remained a Seller's Market.
Housing Prices in Mayfield Heights, OH
How much do homes in Mayfield Heights, OH cost?
Median Sold Price
$217,250
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mayfield Heights was $217,250 in April 2024, up 12.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $73K | -54.4% |
2 Bedrooms | $151.9K | $180K | +18.5% |
3 Bedrooms | $195.7K | $225K | +15.0% |
4 Bedrooms | $280K | $300K | +7.1% |
5+ Bedrooms | $270K | $372.5K | +38.0% |
Summary: Mayfield Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.4%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
Gates Mills | $600K | $762.5K | +27.1% |
Highland Heights | $369K | $430K | +16.5% |
Mayfield Heights | $193K | $217.2K | +12.6% |
Lyndhurst | $207.8K | $215K | +3.4% |
Mayfield | $380K | $340K | -10.5% |
Housing Supply in Mayfield Heights, OH
How many homes are available in Mayfield Heights, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Summary: The Mayfield Heights real estate market had 44 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 | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 8 | 5 | -37.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mayfield Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Mayfield Heights in April 2024, up by 33.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Mayfield Heights, OH
How long does it take to sell a home in Mayfield Heights, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -9.5% |
Summary: Homes in Mayfield Heights had an average of 23 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Mayfield Heights; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.