$4,512 Closing Credit*
$379,990
2,488 SqFt
3 Beds
•2 Full Baths
Karen E Richardson, Listing Office: Keller Williams Citywide
Is Painesville, 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, Painesville has remained a Seller's Market.
Key Takeaway
Painesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Painesville, OH
How much do homes in Painesville, OH cost?
Median Sold Price
$209,740
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,927(+10.5%)
Key Takeaway
Homes in Painesville have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Painesville was $209,740 in October 2024, up 10.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $126K | N/A |
| 2 Bedrooms | $125K | $145.5K | +16.4% |
| 3 Bedrooms | $194K | $199K | +2.6% |
| 4 Bedrooms | $280K | $322.5K | +15.2% |
| 5+ Bedrooms | $245K | $301K | +22.9% |
Summary: Painesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Concord Township | $300K | $335K | +11.7% |
| Painesville | $189.8K | $209.7K | +10.5% |
| Painesville Township | $195K | $209.7K | +7.6% |
| Fairport Harbor | $179.9K | $182.5K | +1.4% |
Housing Supply in Painesville, OH
How many homes are available in Painesville, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 125 | +7.8% |
Summary: The Painesville real estate market had 125 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 70 | 74 | +5.7% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Painesville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 38 | +46.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Painesville, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Painesville in October 2024, up by 46.2% month-over-month. Of the 38 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.
Days on Market for Painesville, OH
How long does it take to sell a home in Painesville, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +21.5% |
Summary: Homes in Painesville had an average of 40 days on market in Oct 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Painesville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in Painesville; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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