$84,900
1.55 Acres
Land
David Gurary, Listing Office: Century 21 Homestar
Is Willoughby Hills, 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, Willoughby Hills has remained a Seller's Market.
Key Takeaway
Willoughby Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willoughby Hills, OH
How much do homes in Willoughby Hills, OH cost?
Median Sold Price
$322,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,001(+7.7%)
Key Takeaway
Homes in Willoughby Hills have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Willoughby Hills was $322,000 in November 2024, up 7.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $170K | $212.5K | +25.0% |
| 3 Bedrooms | $248.5K | $287.2K | +15.6% |
| 4 Bedrooms | $322K | $435K | +35.1% |
| 5+ Bedrooms | $569K | $325K | -42.9% |
Summary: Willoughby Hills 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 25%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Kirtland | $320K | $368.5K | +15.2% |
| Wickliffe | $175K | $192K | +9.7% |
| Willoughby | $237.6K | $260K | +9.4% |
| Willoughby Hills | $298.9K | $322K | +7.7% |
Housing Supply in Willoughby Hills, OH
How many homes are available in Willoughby Hills, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The Willoughby Hills real estate market had 16 homes for sale in November 2024, a 30.4% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Willoughby Hills 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 30%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willoughby Hills, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Willoughby Hills in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Willoughby Hills, OH
How long does it take to sell a home in Willoughby Hills, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 15 Days | -77.6% |
Summary: Homes in Willoughby Hills had an average of 15 days on market in Nov 2024, down by 77.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willoughby Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Willoughby Hills; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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