Is Willoughby Hills, 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, Willoughby Hills has remained a Seller's Market.
Housing Prices in Willoughby Hills, OH
How much do homes in Willoughby Hills, OH cost?
Median Sold Price
$326,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Willoughby Hills was $326,000 in May 2024, up 23% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237.5K | $215K | -9.5% |
3 Bedrooms | $232K | $272.5K | +17.5% |
4 Bedrooms | $370K | $377.5K | +2.0% |
5+ Bedrooms | $525K | $442.5K | -15.7% |
Summary: Willoughby Hills 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 decreased by 9.5%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
Willoughby Hills | $265K | $326K | +23.0% |
Kirtland | $285K | $350K | +22.8% |
Wickliffe | $168.5K | $185K | +9.8% |
Willoughby | $245K | $238K | -2.9% |
Housing Supply in Willoughby Hills, OH
How many homes are available in Willoughby Hills, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Summary: The Willoughby Hills real estate market had 22 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Willoughby Hills 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 10%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Willoughby Hills in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 95 Days | +180.1% |
Summary: Homes in Willoughby Hills had an average of 95 days on market in May 2024, up by 180.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Willoughby Hills; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.