$2,493 Closing Credit*
$209,900
3 Beds
•1 Full Bath, 1 Partial
Ari Dori, Listing Office: Acacia Realty, LLC.
Is Mayfield 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, Mayfield Heights has remained a Seller's Market.
Key Takeaway
Mayfield Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mayfield Heights, OH
How much do homes in Mayfield Heights, OH cost?
Median Sold Price
$240,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+17.9%)
Key Takeaway
Homes in Mayfield Heights have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Mayfield Heights was $240,000 in November 2024, up 17.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | $65.5K | -10.3% |
| 2 Bedrooms | $177.5K | $192.9K | +8.7% |
| 3 Bedrooms | $212K | $248.5K | +17.2% |
| 4 Bedrooms | $297K | $290K | -2.4% |
| 5+ Bedrooms | $530K | $515K | -2.8% |
Summary: Mayfield Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Mayfield Heights | $203.5K | $240K | +17.9% |
| Mayfield | $340K | $367K | +7.9% |
| Highland Heights | $413K | $413.7K | 0.2% |
| Lyndhurst | $215K | $215K | 0.0% |
| Gates Mills | $788K | $669K | -15.1% |
Housing Supply in Mayfield Heights, OH
How many homes are available in Mayfield Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 63 | -10.0% |
Summary: The Mayfield Heights real estate market had 63 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mayfield Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Mayfield Heights in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Mayfield Heights, OH
How long does it take to sell a home in Mayfield Heights, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 24 Days | -66.0% |
Summary: Homes in Mayfield Heights had an average of 24 days on market in Nov 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mayfield Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Mayfield Heights; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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.