$2,730 Closing Credit*
$229,900
1,494 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kristen Tagliarina, Listing Office: Keller Williams Chervenic Rlty
Is Geauga 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, Geauga County has remained a Seller's Market.
Key Takeaway
Geauga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geauga County, OH
How much do homes in Geauga County, OH cost?
Median Sold Price
$365,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,600(+9.2%)
Key Takeaway
Homes in Geauga County have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Geauga County was $365,000 in November 2024, up 9.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $305K | +125.9% |
| 2 Bedrooms | $174.9K | $212.5K | +21.5% |
| 3 Bedrooms | $285K | $299.9K | +5.2% |
| 4 Bedrooms | $397K | $455K | +14.6% |
| 5+ Bedrooms | $663K | $580K | -12.5% |
Summary: Geauga County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.9%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Counties
| Geauga County | $334.4K | $365K | +9.2% |
| Lake County | $207.1K | $225.6K | +8.9% |
| Trumbull County | $144.9K | $155.1K | +7.0% |
| Portage County | $240.1K | $254.4K | +6.0% |
| Cuyahoga County | $186.7K | $197.5K | +5.8% |
Housing Supply in Geauga County, OH
How many homes are available in Geauga County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 269 | 237 | -11.9% |
Summary: The Geauga County real estate market had 237 homes for sale in November 2024, a 11.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 124 | 113 | -8.9% |
| 4 Bedrooms | 97 | 79 | -18.6% |
| 5+ Bedrooms | 27 | 21 | -22.2% |
Summary: The Geauga County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 54 | -30.8% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geauga County, you may be able to get a good deal. 68.5% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Geauga County in November 2024, down by 30.8% month-over-month. Of the 54 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Geauga County, OH
How long does it take to sell a home in Geauga County, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 46 Days | +22.8% |
Summary: Homes in Geauga County had an average of 46 days on market in Nov 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Geauga County has remained consistent over time.
Summary: During November 2024, 54 homes were sold in Geauga County; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% 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.