$4,512 Closing Credit*
$379,990
2,488 SqFt
3 Beds
•2 Full Baths
Karen E Richardson, Listing Office: Keller Williams Citywide
Is Painesville Township, 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 Township has remained a Seller's Market.
Key Takeaway
Painesville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Painesville Township, OH
How much do homes in Painesville Township, OH cost?
Median Sold Price
$209,740
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,740(+7.6%)
Key Takeaway
Homes in Painesville Township have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Painesville Township was $209,740 in October 2024, up 7.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.9K | $126K | +5.1% |
| 2 Bedrooms | $133.5K | $152K | +13.9% |
| 3 Bedrooms | $194K | $200K | +3.1% |
| 4 Bedrooms | $299.1K | $320.5K | +7.1% |
| 5+ Bedrooms | $265K | $301K | +13.6% |
Summary: Painesville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.6%.
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 Township, OH
How many homes are available in Painesville Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 141 | +5.2% |
Summary: The Painesville Township real estate market had 141 homes for sale in October 2024, a 5.2% 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 | 23 | 28 | +21.7% |
| 3 Bedrooms | 82 | 83 | +1.2% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Painesville Township 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 21.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Painesville Township, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Painesville Township in October 2024, up by 25.0% month-over-month. Of the 40 sold homes, 48% were sold under asking, 10% were sold at asking, and 43% were sold over asking.
Days on Market for Painesville Township, OH
How long does it take to sell a home in Painesville Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +19.6% |
Summary: Homes in Painesville Township had an average of 39 days on market in Oct 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Painesville Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Painesville Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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