Is Warrensville Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Warrensville Heights has remained a Seller's Market.
Housing Prices in Warrensville Heights, OH
How much do homes in Warrensville Heights, OH cost?
Median Sold Price
$119,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warrensville Heights was $119,000 in May 2024, up 3.5% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $46K | $51.5K | +12.0% |
3 Bedrooms | $138K | $130K | -5.8% |
4 Bedrooms | $100K | $131.4K | +31.5% |
5+ Bedrooms | - | $217K | N/A |
Summary: Warrensville Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Orange | $490K | $550K | +12.2% |
Bedford Heights | $168K | $185K | +10.1% |
Warrensville Heights | $115K | $119K | +3.5% |
Housing Supply in Warrensville Heights, OH
How many homes are available in Warrensville Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 35 | -12.5% |
Summary: The Warrensville Heights real estate market had 35 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 33 | 27 | -18.2% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Warrensville Heights housing inventory by bedroom type for May 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Warrensville Heights in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Warrensville Heights, OH
How long does it take to sell a home in Warrensville Heights, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 52 Days | +27.0% |
Summary: Homes in Warrensville Heights had an average of 52 days on market in May 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Warrensville Heights; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.