$1,306 Closing Credit*
$110,000
2,154 SqFt
4 Beds
•1 Full Bath, 1 Partial
Ian Grame, Listing Office: Key Realty
Is Cleveland Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cleveland Heights has remained a Seller's Market.
Key Takeaway
Cleveland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland Heights, OH
How much do homes in Cleveland Heights, OH cost?
Median Sold Price
$202,046
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,067(+1.0%)
Key Takeaway
Homes in Cleveland Heights have sold for 1% more than they did a year ago.
Summary: The median home sold price in Cleveland Heights was $202,046 in October 2024, up 1% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $100.5K | +18.2% |
| 2 Bedrooms | $133.4K | $161K | +20.6% |
| 3 Bedrooms | $173.4K | $170K | -2.0% |
| 4 Bedrooms | $219.2K | $224K | +2.2% |
| 5+ Bedrooms | $315.7K | $320K | +1.3% |
Summary: Cleveland Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| University Heights | $247K | $279.9K | +13.3% |
| Shaker Heights | $292K | $325K | +11.3% |
| East Cleveland | $56.7K | $63K | +11.0% |
| South Euclid | $160K | $175K | +9.4% |
| Cleveland Heights | $199.9K | $202K | +1.0% |
Housing Supply in Cleveland Heights, OH
How many homes are available in Cleveland Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 259 | 257 | -0.8% |
Summary: The Cleveland Heights real estate market had 257 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 95 | 96 | +1.1% |
| 4 Bedrooms | 85 | 88 | +3.5% |
| 5+ Bedrooms | 60 | 53 | -11.7% |
Summary: The Cleveland Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 11.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 51 | -16.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland Heights, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Cleveland Heights in October 2024, down by 16.4% month-over-month. Of the 51 sold homes, 59% were sold under asking, 10% were sold at asking, and 31% were sold over asking.
Days on Market for Cleveland Heights, OH
How long does it take to sell a home in Cleveland Heights, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 38 Days | +11.1% |
Summary: Homes in Cleveland Heights had an average of 38 days on market in Oct 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 51 homes were sold in Cleveland Heights; 49% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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