Is Solon, 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, Solon has remained a Seller's Market.
Housing Prices in Solon, OH
How much do homes in Solon, OH cost?
Median Sold Price
$406,666
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Solon was $406,666 in April 2024, up 1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $222.2K | +5.8% |
3 Bedrooms | $286.1K | $319K | +11.5% |
4 Bedrooms | $472K | $438.5K | -7.1% |
5+ Bedrooms | $630K | $657.5K | +4.4% |
Summary: Solon 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 increased by 5.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Chagrin Falls | $455K | $538K | +18.2% |
Bainbridge Township | $425K | $454.9K | +7.0% |
Solon | $402.6K | $406.6K | +1.0% |
Moreland Hills | $807.5K | $655K | -18.9% |
Housing Supply in Solon, OH
How many homes are available in Solon, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 60 | +36.4% |
Summary: The Solon real estate market had 60 homes for sale in April 2024, a 36.4% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 20 | 29 | +45.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Solon 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 increased by 11.8%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Solon in April 2024, up by 125.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Solon, OH
How long does it take to sell a home in Solon, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +9.6% |
Summary: Homes in Solon had an average of 23 days on market in Apr 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Solon; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.