$1,603 Closing Credit*
$135,000
4 Beds
•1 Full Bath
Michael Lewis, Listing Office: Russell Real Estate Services
Is Garfield 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, Garfield Heights has remained a Seller's Market.
Key Takeaway
Garfield Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garfield Heights, OH
How much do homes in Garfield Heights, OH cost?
Median Sold Price
$136,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,500(+5.0%)
Key Takeaway
Homes in Garfield Heights have sold for 5% more than they did a year ago.
Summary: The median home sold price in Garfield Heights was $136,000 in November 2024, up 5% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $97.2K | $89.5K | -7.9% |
| 3 Bedrooms | $130K | $136.3K | +4.9% |
| 4 Bedrooms | $130.5K | $142K | +8.8% |
| 5+ Bedrooms | $142K | $166.5K | +17.3% |
Summary: Garfield Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $155.7K | $165K | +6.0% |
| Garfield Heights | $129.5K | $136K | +5.0% |
| Maple Heights | $120K | $124.9K | +4.1% |
Housing Supply in Garfield Heights, OH
How many homes are available in Garfield Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 134 | -12.4% |
Summary: The Garfield Heights real estate market had 134 homes for sale in November 2024, a 12.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 100 | 90 | -10.0% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 13 | 6 | -53.8% |
Summary: The Garfield Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 53.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield Heights, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Garfield Heights in November 2024, down by 11.1% month-over-month. Of the 32 sold homes, 59% were sold under asking, 13% were sold at asking, and 28% were sold over asking.
Days on Market for Garfield Heights, OH
How long does it take to sell a home in Garfield Heights, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 43 Days | -10.5% |
Summary: Homes in Garfield Heights had an average of 43 days on market in Nov 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garfield Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Garfield Heights; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.