$2,363 Closing Credit*
$199,000
1,842 SqFt
2 Beds
•2 Full Baths
Jesse R Kracht, Listing Office: Russell Real Estate Services
Is Cuyahoga County, 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, 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
$195,355
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,854(+5.3%)
Key Takeaway
Homes in Cuyahoga County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Cuyahoga County was $195,355 in October 2024, up 5.3% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.3K | $90.1K | +0.9% |
| 2 Bedrooms | $142.5K | $153.5K | +7.7% |
| 3 Bedrooms | $179.7K | $194.4K | +8.2% |
| 4 Bedrooms | $240.7K | $247.9K | +3.0% |
| 5+ Bedrooms | $259K | $234.3K | -9.5% |
Summary: Cuyahoga County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Counties
| Lake County | $205.1K | $225K | +9.7% |
| Summit County | $184.2K | $200K | +8.6% |
| Geauga County | $335K | $358.1K | +6.9% |
| Cuyahoga County | $185.5K | $195.3K | +5.3% |
Housing Supply in Cuyahoga County, OH
How many homes are available in Cuyahoga County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,084 | 5,207 | +2.4% |
Summary: The Cuyahoga County real estate market had 5,207 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 88 | 90 | +2.3% |
| 2 Bedrooms | 603 | 660 | +9.5% |
| 3 Bedrooms | 2,300 | 2,322 | +1.0% |
| 4 Bedrooms | 1,456 | 1,485 | +2.0% |
| 5+ Bedrooms | 637 | 650 | +2.0% |
Summary: The Cuyahoga County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,305 | 1,223 | -6.3% |
Asking Price vs. Sold Price
561 Homes Were Sold
Under Asking
188 Homes Were Sold
At Asking
472 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. 45.9% of homes here sold below asking price last month.
Summary: A total of 1,223 homes were sold or pending in Cuyahoga County in October 2024, down by 6.3% month-over-month. Of the 1,221 sold homes, 46% were sold under asking, 15% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +7.5% |
Summary: Homes in Cuyahoga County had an average of 33 days on market in Oct 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
724 Homes Were Sold
Under 30 Days
395 Homes Were Sold
In 30 - 90 Days
104 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 October 2024, 1223 homes were sold in Cuyahoga County; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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