Is Cuyahoga County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cuyahoga County has remained a Seller's Market.
Key Takeaway
Cuyahoga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cuyahoga County, OH
How much do homes in Cuyahoga County, OH cost?
Median Sold Price
$190,817
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cuyahoga County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Cuyahoga County was $190,817 in May 2024, up 4.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $92.5K | +8.8% |
| 2 Bedrooms | $140K | $145K | +3.5% |
| 3 Bedrooms | $175.1K | $188.3K | +7.5% |
| 4 Bedrooms | $241.1K | $243.7K | +1.1% |
| 5+ Bedrooms | $254K | $246.7K | -2.9% |
Summary: Cuyahoga County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Counties
| Lake County | $200K | $218K | +9.0% |
| Geauga County | $330K | $347K | +5.1% |
| Cuyahoga County | $182K | $190.8K | +4.8% |
| Summit County | $182.3K | $190.9K | +4.7% |
Housing Supply in Cuyahoga County, OH
How many homes are available in Cuyahoga County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4,526 | 4,787 | +5.8% |
Summary: The Cuyahoga County real estate market had 4,787 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 81 | 79 | -2.5% |
| 2 Bedrooms | 576 | 586 | +1.7% |
| 3 Bedrooms | 2,033 | 2,199 | +8.2% |
| 4 Bedrooms | 1,333 | 1,372 | +2.9% |
| 5+ Bedrooms | 503 | 551 | +9.5% |
Summary: The Cuyahoga County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,291 | 1,339 | +3.7% |
Asking Price vs. Sold Price
538 Homes Were Sold
Under Asking
188 Homes Were Sold
At Asking
613 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cuyahoga County, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.
Summary: A total of 1,339 homes were sold or pending in Cuyahoga County in May 2024, up by 3.7% month-over-month. Of the 1,339 sold homes, 40% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for Cuyahoga County, OH
How long does it take to sell a home in Cuyahoga County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -3.2% |
Summary: Homes in Cuyahoga County had an average of 32 days on market in May 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
867 Homes Were Sold
Under 30 Days
357 Homes Were Sold
In 30 - 90 Days
115 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cuyahoga County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1339 homes were sold in Cuyahoga County; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively 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. Copyright © 2024 DABR MLS. All Rights Reserved