$4,036 Closing Credit*
$339,900
1,880 SqFt
4 Beds
•2 Full Baths, 1 Partial
Wesley D Croft, Listing Office: Keller Williams Greater Metropolitan
Is North Olmsted, 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, North Olmsted has remained a Seller's Market.
Key Takeaway
North Olmsted is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Olmsted, OH
How much do homes in North Olmsted, OH cost?
Median Sold Price
$255,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+7.1%)
Key Takeaway
Homes in North Olmsted have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in North Olmsted was $255,000 in October 2024, up 7.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $77.7K | +29.6% |
| 2 Bedrooms | $133.4K | $160K | +19.9% |
| 3 Bedrooms | $235.1K | $255K | +8.5% |
| 4 Bedrooms | $288.9K | $315K | +9.0% |
| 5+ Bedrooms | $310K | $352.5K | +13.7% |
Summary: North Olmsted housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Olmsted Township | $226.2K | $266K | +17.6% |
| Brookpark | $195K | $210K | +7.7% |
| Brook Park | $195.6K | $210K | +7.3% |
| North Olmsted | $238K | $255K | +7.1% |
| Westlake | $365K | $380K | +4.1% |
Housing Supply in North Olmsted, OH
How many homes are available in North Olmsted, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 98 | +3.2% |
Summary: The North Olmsted real estate market had 98 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The North Olmsted housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Olmsted, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in North Olmsted in October 2024, up by 3.0% month-over-month. Of the 34 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% were sold over asking.
Days on Market for North Olmsted, OH
How long does it take to sell a home in North Olmsted, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +64.9% |
Summary: Homes in North Olmsted had an average of 31 days on market in Oct 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Olmsted are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in North Olmsted; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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