Is Geauga 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, Geauga County has remained a Seller's Market.
Housing Prices in Geauga County, OH
How much do homes in Geauga County, OH cost?
Median Sold Price
$347,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Geauga County was $347,000 in May 2024, up 5.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $305K | +172.3% |
2 Bedrooms | $185K | $205K | +10.8% |
3 Bedrooms | $277.7K | $288.5K | +3.9% |
4 Bedrooms | $402.7K | $428.6K | +6.4% |
5+ Bedrooms | $550K | $531.1K | -3.4% |
Summary: Geauga County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Lake County | $200K | $218K | +9.0% |
Portage County | $232.8K | $250.3K | +7.5% |
Geauga County | $330K | $347K | +5.1% |
Cuyahoga County | $182K | $190.8K | +4.8% |
Trumbull County | $142.3K | $147.6K | +3.7% |
Housing Supply in Geauga County, OH
How many homes are available in Geauga County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
197 | 234 | +18.8% |
Summary: The Geauga County real estate market had 234 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 80 | 96 | +20.0% |
4 Bedrooms | 78 | 89 | +14.1% |
5+ Bedrooms | 25 | 31 | +24.0% |
Summary: The Geauga County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 57 | +5.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Geauga County in May 2024, up by 5.6% month-over-month. Of the 57 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Geauga County, OH
How long does it take to sell a home in Geauga County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 38 Days | -14.1% |
Summary: Homes in Geauga County had an average of 38 days on market in May 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 57 homes were sold in Geauga County; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.