Is Sagamore Hills Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sagamore Hills Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sagamore Hills Township has remained a Seller's Market.

Key Takeaway

Sagamore Hills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sagamore Hills Township, OH

How much do homes in Sagamore Hills Township, OH cost?

Median Sold Price

$285,750

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,750(+7.8%)

Key Takeaway

Homes in Sagamore Hills Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Sagamore Hills Township was $285,750 in November 2024, up 7.8% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121K$125.5K
+3.7%
2 $180K$205.5K
+14.2%
3 $279.9K$311K
+11.1%
4 $424.9K$447.5K
+5.3%
5+ $435K$563K
+29.4%

Summary: Sagamore Hills Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 29.4%.

Median Sold Price Compared To Nearby Cities

Sagamore Hills Township
+7.8%
Northfield
-0.1%
Brecksville
-1.8%
Northfield Center Township
-8.2%

Housing Supply in Sagamore Hills Township, OH

How many homes are available in Sagamore Hills Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4329-32.6%

Summary: The Sagamore Hills Township real estate market had 29 homes for sale in November 2024, a 32.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1411
-21.4%
3 1612
-25.0%
4 72
-71.4%
5+ 31
-66.7%

Summary: The Sagamore Hills Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sagamore Hills Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Sagamore Hills Township in November 2024, down by 38.9% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for Sagamore Hills Township, OH

How long does it take to sell a home in Sagamore Hills Township, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days30 Days-21.2%

Summary: Homes in Sagamore Hills Township had an average of 30 days on market in Nov 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sagamore Hills Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Sagamore Hills Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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