$1,661 Closing Credit*
$139,900
4 Beds
•1 Full Bath, 1 Partial
Robert Lavine, Listing Office: V. S. Realty Group, LLC
Is Garfield 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, 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
$133,500
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,575(+2.8%)
Key Takeaway
Homes in Garfield Heights have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Garfield Heights was $133,500 in October 2024, up 2.8% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $98.6K | $90K | -8.7% |
| 3 Bedrooms | $129.9K | $134.6K | +3.6% |
| 4 Bedrooms | $130.5K | $142K | +8.8% |
| 5+ Bedrooms | $141.7K | $159.7K | +12.7% |
Summary: Garfield Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $155.4K | $164.2K | +5.7% |
| Maple Heights | $119K | $124.9K | +4.9% |
| Garfield Heights | $129.9K | $133.5K | +2.8% |
Housing Supply in Garfield Heights, OH
How many homes are available in Garfield Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 152 | -3.8% |
Summary: The Garfield Heights real estate market had 152 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 104 | 102 | -1.9% |
| 4 Bedrooms | 35 | 27 | -22.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Garfield Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 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. 48.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Garfield Heights in October 2024, down by 8.3% month-over-month. Of the 33 sold homes, 48% were sold under asking, 3% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 37 Days | -24.1% |
Summary: Homes in Garfield Heights had an average of 37 days on market in Oct 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 33 homes were sold in Garfield Heights; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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