$2,730 Closing Credit*
$229,900
4 Beds
•1 Full Bath, 1 Partial
Genie R Prettyman, Listing Office: Prettyman & Associates
Is Shaker Heights, 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, Shaker Heights has remained a Seller's Market.
Key Takeaway
Shaker Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shaker Heights, OH
How much do homes in Shaker Heights, OH cost?
Median Sold Price
$325,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,025(+12.1%)
Key Takeaway
Homes in Shaker Heights have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Shaker Heights was $325,000 in November 2024, up 12.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.7K | $53.2K | +7.0% |
| 2 Bedrooms | $84K | $86K | +2.4% |
| 3 Bedrooms | $190K | $257.5K | +35.5% |
| 4 Bedrooms | $315K | $385K | +22.2% |
| 5+ Bedrooms | $476.1K | $455K | -4.4% |
Summary: Shaker Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Shaker Heights | $289.9K | $325K | +12.1% |
| University Heights | $250K | $276.6K | +10.7% |
| Cleveland Heights | $199.5K | $208.4K | +4.5% |
| Beachwood | $410K | $377K | -8.0% |
Housing Supply in Shaker Heights, OH
How many homes are available in Shaker Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 137 | -4.2% |
Summary: The Shaker Heights real estate market had 137 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 34 | 32 | -5.9% |
| 4 Bedrooms | 52 | 42 | -19.2% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Shaker Heights 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 remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 34 | +54.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shaker Heights, 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 Shaker Heights in November 2024, up by 54.5% month-over-month. Of the 34 sold homes, 44% were sold under asking, 26% were sold at asking, and 29% were sold over asking.
Days on Market for Shaker Heights, OH
How long does it take to sell a home in Shaker Heights, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +34.5% |
Summary: Homes in Shaker Heights had an average of 49 days on market in Nov 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shaker Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in Shaker Heights; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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