Is Lyndhurst, 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, Lyndhurst has remained a Seller's Market.
Housing Prices in Lyndhurst, OH
How much do homes in Lyndhurst, OH cost?
Median Sold Price
$215,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lyndhurst was $215,000 in May 2024, up 3.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $82K | +2.5% |
2 Bedrooms | $143.7K | $145K | +0.9% |
3 Bedrooms | $198.5K | $207.5K | +4.5% |
4 Bedrooms | $256K | $239.1K | -6.6% |
5+ Bedrooms | $250K | $303K | +21.2% |
Summary: Lyndhurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Highland Heights | $370K | $430K | +16.2% |
Mayfield Heights | $192K | $217.7K | +13.4% |
Richmond Heights | $202K | $222K | +9.9% |
South Euclid | $162.3K | $168.4K | +3.7% |
Lyndhurst | $207.8K | $215K | +3.4% |
Housing Supply in Lyndhurst, OH
How many homes are available in Lyndhurst, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 76 | +8.6% |
Summary: The Lyndhurst real estate market had 76 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lyndhurst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Lyndhurst in May 2024, up by 33.3% month-over-month. Of the 28 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for Lyndhurst, OH
How long does it take to sell a home in Lyndhurst, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +8.1% |
Summary: Homes in Lyndhurst had an average of 23 days on market in May 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Lyndhurst; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.