$5,641 Closing Credit*
$475,000
2,759 SqFt
3 Beds
•3 Full Baths
Michael N Jones, Listing Office: Keller Williams Living
Is Geauga 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, 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
$358,141
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,141(+6.9%)
Key Takeaway
Homes in Geauga County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Geauga County was $358,141 in October 2024, up 6.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $305K | +133.7% |
| 2 Bedrooms | $183.7K | $210K | +14.3% |
| 3 Bedrooms | $280K | $300K | +7.1% |
| 4 Bedrooms | $403.5K | $446.6K | +10.7% |
| 5+ Bedrooms | $659K | $545K | -17.3% |
Summary: Geauga County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 133.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Counties
| Lake County | $205.1K | $225K | +9.7% |
| Geauga County | $335K | $358.1K | +6.9% |
| Trumbull County | $144.9K | $154.9K | +6.9% |
| Cuyahoga County | $185.5K | $195.3K | +5.3% |
| Portage County | $240.5K | $251.6K | +4.6% |
Housing Supply in Geauga County, OH
How many homes are available in Geauga County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 274 | 266 | -2.9% |
Summary: The Geauga County real estate market had 266 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 125 | 123 | -1.6% |
| 4 Bedrooms | 103 | 96 | -6.8% |
| 5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The Geauga County 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 12.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 71 | -6.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
19 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. 53.5% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Geauga County in October 2024, down by 6.6% month-over-month. Of the 71 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 40 Days | +4.3% |
Summary: Homes in Geauga County had an average of 40 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geauga County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 71 homes were sold in Geauga County; 54% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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