$2,374 Closing Credit*
$199,900
2,714 SqFt
4 Beds
•1 Full Bath, 1 Partial
Coby Socher, Listing Office: Keller Williams Greater Metropolitan
Is Cleveland Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$208,444
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,944(+4.5%)
Key Takeaway
Homes in Cleveland Heights have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Cleveland Heights was $208,444 in November 2024, up 4.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $100K | +8.1% |
| 2 Bedrooms | $133.4K | $168.5K | +26.3% |
| 3 Bedrooms | $174.6K | $171K | -2.1% |
| 4 Bedrooms | $218.5K | $224K | +2.5% |
| 5+ Bedrooms | $315K | $305K | -3.2% |
Summary: Cleveland Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Shaker Heights | $289.9K | $325K | +12.1% |
| University Heights | $250K | $276.6K | +10.7% |
| East Cleveland | $57K | $63K | +10.5% |
| South Euclid | $162.6K | $175K | +7.6% |
| Cleveland Heights | $199.5K | $208.4K | +4.5% |
Housing Supply in Cleveland Heights, OH
How many homes are available in Cleveland Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 243 | 244 | 0.4% |
Summary: The Cleveland Heights real estate market had 244 homes for sale in November 2024, a 0.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 93 | 84 | -9.7% |
| 4 Bedrooms | 80 | 97 | +21.3% |
| 5+ Bedrooms | 54 | 47 | -13.0% |
Summary: The Cleveland Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 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. 50% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Cleveland Heights in November 2024, down by 9.4% month-over-month. Of the 48 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +21.5% |
Summary: Homes in Cleveland Heights had an average of 42 days on market in Nov 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 48 homes were sold in Cleveland Heights; 46% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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