$3,669 Closing Credit*
$309,000
1,874 SqFt
4 Beds
•1 Full Bath, 1 Partial
Dennis D Bielinski, Listing Office: RE/MAX Traditions
Is North Olmsted, 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, 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 November 2023
+$15,290(+6.4%)
Key Takeaway
Homes in North Olmsted have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in North Olmsted was $255,000 in November 2024, up 6.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $78.5K | +30.8% |
| 2 Bedrooms | $137.5K | $152K | +10.5% |
| 3 Bedrooms | $235.1K | $255K | +8.5% |
| 4 Bedrooms | $291K | $319.9K | +9.9% |
| 5+ Bedrooms | $300K | $365K | +21.7% |
Summary: North Olmsted housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Olmsted Township | $220K | $275K | +25.0% |
| North Olmsted | $239.7K | $255K | +6.4% |
| Brook Park | $200K | $210K | +5.0% |
| Brookpark | $200K | $210K | +5.0% |
| Westlake | $367K | $377.6K | +2.9% |
Housing Supply in North Olmsted, OH
How many homes are available in North Olmsted, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 94 | -6.0% |
Summary: The North Olmsted real estate market had 94 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 48 | 40 | -16.7% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North Olmsted housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Olmsted, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in North Olmsted in November 2024, down by 8.8% month-over-month. Of the 31 sold homes, 29% were sold under asking, 23% were sold at asking, and 48% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +5.7% |
Summary: Homes in North Olmsted had an average of 21 days on market in Nov 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Olmsted are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in North Olmsted; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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