Is Strongsville, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Strongsville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Strongsville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Strongsville, OH

How much do homes in Strongsville, OH cost?

Median Sold Price

$330,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,400(+8.0%)

Key Takeaway

Homes in Strongsville have sold for 8% more than they did a year ago.

Summary: The median home sold price in Strongsville was $330,000 in October 2024, up 8% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $237K$248.7K
+5.0%
3 $280K$305K
+8.9%
4 $380K$375.5K
-1.2%
5+ $440K$380K
-13.6%

Summary: Strongsville 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 5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

Berea
+11.3%
Strongsville
+8.0%
North Royalton
+5.3%
Middleburg Heights
+4.3%
Columbia Station
-1.2%

Housing Supply in Strongsville, OH

How many homes are available in Strongsville, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135119-11.9%

Summary: The Strongsville real estate market had 119 homes for sale in October 2024, a 11.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1611
-31.3%
3 5343
-18.9%
4 5857
-1.7%
5+ 88
0.0%

Summary: The Strongsville 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 decreased by 31.3%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4635-23.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Strongsville, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Strongsville in October 2024, down by 23.9% month-over-month. Of the 35 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.

Days on Market for Strongsville, OH

How long does it take to sell a home in Strongsville, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days17 Days-20.4%

Summary: Homes in Strongsville had an average of 17 days on market in Oct 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 35 homes were sold in Strongsville; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Strongsville, OH

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