Is Seven Hills, 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, Seven Hills has remained a Seller's Market.
Key Takeaway
Seven Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seven Hills, OH
How much do homes in Seven Hills, OH cost?
Median Sold Price
$288,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Seven Hills have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Seven Hills was $288,500 in April 2024, up 9.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $192.5K | -14.4% |
| 3 Bedrooms | $252.2K | $275K | +9.0% |
| 4 Bedrooms | $307.5K | $324.5K | +5.5% |
| 5+ Bedrooms | $307.5K | $306.2K | -0.4% |
Summary: Seven 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 14.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Seven Hills | $264K | $288.5K | +9.3% |
| Independence | $291K | $310K | +6.5% |
Housing Supply in Seven Hills, OH
How many homes are available in Seven Hills, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 32 | +60.0% |
Summary: The Seven Hills real estate market had 32 homes for sale in April 2024, a 60.0% 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 | 2 | +100.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Seven 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seven Hills, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Seven Hills in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Seven Hills, OH
How long does it take to sell a home in Seven Hills, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 8 Days | -24.1% |
Summary: Homes in Seven Hills had an average of 8 days on market in Apr 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seven Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Seven Hills; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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