Is Shaker 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, Shaker Heights has remained a Seller's Market.
Housing Prices in Shaker Heights, OH
How much do homes in Shaker Heights, OH cost?
Median Sold Price
$305,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shaker Heights was $305,000 in April 2024, up 9.6% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57K | $46.2K | -18.9% |
2 Bedrooms | $77.7K | $84.5K | +8.7% |
3 Bedrooms | $184.4K | $221K | +19.8% |
4 Bedrooms | $329K | $324K | -1.5% |
5+ Bedrooms | $445.7K | $451.2K | +1.2% |
Summary: Shaker Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
University Heights | $230K | $265K | +15.2% |
Shaker Heights | $278.3K | $305K | +9.6% |
Beachwood | $385.5K | $410K | +6.4% |
Cleveland Heights | $197.9K | $199.9K | +1.0% |
Housing Supply in Shaker Heights, OH
How many homes are available in Shaker Heights, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 147 | +2.1% |
Summary: The Shaker Heights real estate market had 147 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 25 | +47.1% |
3 Bedrooms | 26 | 24 | -7.7% |
4 Bedrooms | 57 | 54 | -5.3% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Shaker 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 47.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Shaker Heights in April 2024, up by 25.0% month-over-month. Of the 40 sold homes, 33% were sold under asking, 15% were sold at asking, and 53% were sold over asking.
Days on Market for Shaker Heights, OH
How long does it take to sell a home in Shaker Heights, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -12.4% |
Summary: Homes in Shaker Heights had an average of 32 days on market in Apr 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Shaker Heights; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.