$3,551 Closing Credit*
$299,000
1,764 SqFt
4 Beds
•1 Full Bath, 1 Partial
Tera Somogyi, Listing Office: Keller Williams Living
Is University 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, University Heights has remained a Seller's Market.
Key Takeaway
University Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University Heights, OH
How much do homes in University Heights, OH cost?
Median Sold Price
$276,666
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,666(+10.7%)
Key Takeaway
Homes in University Heights have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in University Heights was $276,666 in November 2024, up 10.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $193.7K | +4.7% |
| 3 Bedrooms | $229.5K | $237.5K | +3.5% |
| 4 Bedrooms | $285K | $305K | +7.0% |
| 5+ Bedrooms | $240K | $285K | +18.8% |
Summary: University Heights 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 4.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Shaker Heights | $289.9K | $325K | +12.1% |
| University Heights | $250K | $276.6K | +10.7% |
| South Euclid | $162.6K | $175K | +7.6% |
| Cleveland Heights | $199.5K | $208.4K | +4.5% |
| Beachwood | $410K | $377K | -8.0% |
Housing Supply in University Heights, OH
How many homes are available in University Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Summary: The University Heights real estate market had 62 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The University 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 decreased by 100%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University Heights, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in University Heights in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for University Heights, OH
How long does it take to sell a home in University Heights, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 38 Days | -3.5% |
Summary: Homes in University Heights had an average of 38 days on market in Nov 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in University Heights; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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