Is Kirtland, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kirtland is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Kirtland was a Seller's Market.

Key Takeaway

Kirtland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Kirtland, OH

How much do homes in Kirtland, OH cost?

Median Sold Price

$368,500

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,500(+15.2%)

Key Takeaway

Homes in Kirtland have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Kirtland was $368,500 in November 2024, up 15.2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$17K
N/A
2 $27K$49K
+81.5%
3 $298.5K$327.5K
+9.7%
4 $465K$402K
-13.5%
5+ $809.5K$725K
-10.4%

Summary: Kirtland 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 increased by 81.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Cities

Kirtland
+15.2%
Willoughby
+9.4%
Chardon Township
+5.0%

Housing Supply in Kirtland, OH

How many homes are available in Kirtland, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2218-18.2%

Summary: The Kirtland real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 64
-33.3%
4 87
-12.5%
5+ 44
0.0%

Summary: The Kirtland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kirtland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kirtland in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Kirtland, OH

How long does it take to sell a home in Kirtland, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days78 Days+178.6%

Summary: Homes in Kirtland had an average of 78 days on market in Nov 2024, up by 178.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kirtland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Kirtland; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Kirtland, OH

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