Is Rocky River, 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, Rocky River has remained a Seller's Market.
Key Takeaway
Rocky River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rocky River, OH
How much do homes in Rocky River, OH cost?
Median Sold Price
$360,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rocky River have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Rocky River was $360,000 in April 2024, up 11.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $90K | +12.6% |
| 2 Bedrooms | $146.2K | $139.4K | -4.6% |
| 3 Bedrooms | $325K | $372.5K | +14.6% |
| 4 Bedrooms | $479K | $525K | +9.6% |
| 5+ Bedrooms | $662.5K | $564.9K | -14.7% |
Summary: Rocky River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Rocky River | $323.5K | $360K | +11.3% |
| Lakewood | $280K | $289.8K | +3.5% |
| Fairview Park | $250K | $257.9K | +3.2% |
Housing Supply in Rocky River, OH
How many homes are available in Rocky River, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 75 | +15.4% |
Summary: The Rocky River real estate market had 75 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Rocky River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 27 | +68.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rocky River, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Rocky River in April 2024, up by 68.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Rocky River, OH
How long does it take to sell a home in Rocky River, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | -0.1% |
Summary: Homes in Rocky River had an average of 25 days on market in Apr 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rocky River are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Rocky River; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.