$2,363 Closing Credit*
$199,000
1,140 SqFt
2 Beds
•2 Full Baths
Nathan Golem, Listing Office: RE/MAX Haven Realty
Is Mayfield 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, 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
$235,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+17.5%)
Key Takeaway
Homes in Mayfield Heights have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Mayfield Heights was $235,000 in October 2024, up 17.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $69.2K | -27.5% |
| 2 Bedrooms | $172.5K | $190K | +10.1% |
| 3 Bedrooms | $205.1K | $245K | +19.4% |
| 4 Bedrooms | $300K | $290K | -3.3% |
| 5+ Bedrooms | $530K | $515K | -2.8% |
Summary: Mayfield Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Mayfield Heights | $200K | $235K | +17.5% |
| Mayfield | $340K | $367K | +7.9% |
| Lyndhurst | $212.5K | $215.1K | +1.2% |
| Highland Heights | $410K | $412K | 0.5% |
| Gates Mills | $800K | $625K | -21.9% |
Housing Supply in Mayfield Heights, OH
How many homes are available in Mayfield Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 68 | +19.3% |
Summary: The Mayfield Heights real estate market had 68 homes for sale in October 2024, a 19.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 35 | 33 | -5.7% |
| 4 Bedrooms | 7 | 14 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayfield Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield Heights, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Mayfield Heights in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +64.7% |
Summary: Homes in Mayfield Heights had an average of 40 days on market in Oct 2024, up by 64.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 19 homes were sold in Mayfield Heights; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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