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 November 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

$335,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,250(+11.4%)

Key Takeaway

Homes in Strongsville have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Strongsville was $335,000 in November 2024, up 11.4% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $240K$257.2K
+7.2%
3 $280K$306K
+9.3%
4 $375K$382.5K
+2.0%
5+ $450K$380K
-15.6%

Summary: Strongsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Cities

Strongsville
+11.4%
Berea
+8.3%
North Royalton
+4.9%
Columbia Station
+2.0%
Middleburg Heights
0.0%

Housing Supply in Strongsville, OH

How many homes are available in Strongsville, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125101-19.2%

Summary: The Strongsville real estate market had 101 homes for sale in November 2024, a 19.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 4637
-19.6%
4 6045
-25.0%
5+ 88
0.0%

Summary: The Strongsville 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 19.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4131-24.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 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. 58.1% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Strongsville in November 2024, down by 24.4% month-over-month. Of the 31 sold homes, 58% were sold under asking, 13% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
21 Days27 Days+28.2%

Summary: Homes in Strongsville had an average of 27 days on market in Nov 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 31 homes were sold in Strongsville; 55% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

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