Is Strongsville, 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, Strongsville has remained a Seller's Market.
Key Takeaway
Strongsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Strongsville, OH
How much do homes in Strongsville, OH cost?
Median Sold Price
$320,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Strongsville have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Strongsville was $320,000 in May 2024, up 7.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221.5K | $240K | +8.4% |
| 3 Bedrooms | $275K | $286K | +4.0% |
| 4 Bedrooms | $360K | $380K | +5.6% |
| 5+ Bedrooms | $430K | $404.1K | -6.0% |
Summary: Strongsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Berea | $195.7K | $233.4K | +19.3% |
| Strongsville | $296.9K | $320K | +7.8% |
| Columbia Station | $425K | $440K | +3.5% |
| North Royalton | $285K | $294.8K | +3.4% |
| Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Strongsville, OH
How many homes are available in Strongsville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 106 | +1.9% |
Summary: The Strongsville real estate market had 106 homes for sale in May 2024, a 1.9% 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 | 18 | 21 | +16.7% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 46 | 43 | -6.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Strongsville 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 16.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Strongsville, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Strongsville in May 2024, the same as the previous month. Of the 37 sold homes, 30% were sold under asking, 19% were sold at asking, and 51% were sold over asking.
Days on Market for Strongsville, OH
How long does it take to sell a home in Strongsville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 15 Days | -51.6% |
Summary: Homes in Strongsville had an average of 15 days on market in May 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Strongsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Strongsville; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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