Is Moreland Hills, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Moreland Hills was a Seller's Market.
Key Takeaway
Moreland Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Moreland Hills, OH
How much do homes in Moreland Hills, OH cost?
Median Sold Price
$655,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moreland Hills have sold for 18.9% less than they did a year ago.
Summary: The median home sold price in Moreland Hills was $655,000 in April 2024, down 18.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $257K | -20.9% |
| 3 Bedrooms | $511K | $460K | -10.0% |
| 4 Bedrooms | $819.9K | $632.5K | -22.9% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.0% |
Summary: Moreland Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Chagrin Falls Township | $455.6K | $540.7K | +18.7% |
| Chagrin Falls | $456.2K | $540.7K | +18.5% |
| Moreland Hills | $807.5K | $655K | -18.9% |
Housing Supply in Moreland Hills, OH
How many homes are available in Moreland Hills, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Moreland Hills real estate market had 20 homes for sale in April 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Moreland Hills 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Moreland Hills, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Moreland Hills in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Moreland Hills, OH
How long does it take to sell a home in Moreland Hills, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 167 Days | 66 Days | -60.2% |
Summary: Homes in Moreland Hills had an average of 66 days on market in Apr 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Moreland Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Moreland Hills; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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