$2,314 Closing Credit*
$194,900
5 Beds
•2 Full Baths, 1 Partial
Lydia M Pope, Listing Office: E & D Realty & Investment Co.
Is Shaker Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shaker Heights was a Seller's Market.
Key Takeaway
Shaker Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shaker Heights, OH
How much do homes in Shaker Heights, OH cost?
Median Sold Price
$325,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,935(+11.3%)
Key Takeaway
Homes in Shaker Heights have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Shaker Heights was $325,000 in October 2024, up 11.3% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $43.5K | $52K | +19.5% |
| 2 Bedrooms | $81K | $87.2K | +7.7% |
| 3 Bedrooms | $191.9K | $250K | +30.2% |
| 4 Bedrooms | $323K | $365K | +13.0% |
| 5+ Bedrooms | $465K | $515K | +10.8% |
Summary: Shaker Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| University Heights | $247K | $279.9K | +13.3% |
| Shaker Heights | $292K | $325K | +11.3% |
| Cleveland Heights | $199.9K | $202K | +1.0% |
| Beachwood | $410K | $375K | -8.5% |
Housing Supply in Shaker Heights, OH
How many homes are available in Shaker Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 145 | 147 | +1.4% |
Summary: The Shaker Heights real estate market had 147 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 35 | 38 | +8.6% |
| 4 Bedrooms | 54 | 52 | -3.7% |
| 5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Shaker Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 19 | -44.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shaker Heights, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Shaker Heights in October 2024, down by 44.1% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -14.3% |
Summary: Homes in Shaker Heights had an average of 30 days on market in Oct 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shaker Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Shaker Heights; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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