$511 Closing Credit*
$43,000
2 Beds
•1 Full Bath
Traci Franklin, Listing Office: Century 21 Wilbur Realty
Is Cuyahoga County, 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, 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
$197,529
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,757(+5.8%)
Key Takeaway
Homes in Cuyahoga County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Cuyahoga County was $197,529 in November 2024, up 5.8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $92.8K | +3.3% |
| 2 Bedrooms | $142.7K | $154.9K | +8.5% |
| 3 Bedrooms | $180K | $195K | +8.3% |
| 4 Bedrooms | $240.8K | $248.8K | +3.3% |
| 5+ Bedrooms | $251.9K | $238.2K | -5.5% |
Summary: Cuyahoga County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Counties
| Geauga County | $334.4K | $365K | +9.2% |
| Summit County | $184.8K | $201.4K | +9.0% |
| Lake County | $207.1K | $225.6K | +8.9% |
| Cuyahoga County | $186.7K | $197.5K | +5.8% |
Housing Supply in Cuyahoga County, OH
How many homes are available in Cuyahoga County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5,185 | 4,871 | -6.1% |
Summary: The Cuyahoga County real estate market had 4,871 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 93 | 87 | -6.5% |
| 2 Bedrooms | 653 | 633 | -3.1% |
| 3 Bedrooms | 2,335 | 2,182 | -6.6% |
| 4 Bedrooms | 1,470 | 1,370 | -6.8% |
| 5+ Bedrooms | 634 | 599 | -5.5% |
Summary: The Cuyahoga County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 5.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,304 | 1,106 | -15.2% |
Asking Price vs. Sold Price
548 Homes Were Sold
Under Asking
161 Homes Were Sold
At Asking
397 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cuyahoga County, you may be able to get a good deal. 49.5% of homes here sold below asking price last month.
Summary: A total of 1,106 homes were sold or pending in Cuyahoga County in November 2024, down by 15.2% month-over-month. Of the 1,106 sold homes, 50% were sold under asking, 15% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 37 Days | +5.5% |
Summary: Homes in Cuyahoga County had an average of 37 days on market in Nov 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
634 Homes Were Sold
Under 30 Days
360 Homes Were Sold
In 30 - 90 Days
112 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 November 2024, 1106 homes were sold in Cuyahoga County; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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