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September 30, 2008

Cleveland Heights Real Estate Market Report
Here are the latest housing trends in Cleveland Heights, Ohio from the MLS. We'll look at Active, Expireds and Solds in the last three months only. (Between June and October of 2008) Pay closest attention to the sold homes in Cleveland Heights as this gives you an accurate idea of what homes are actually going for. These are all averages and naturally, each home is unique and requires its own evaluation. (Find Your Home's Value) If you'd like a market update for the city in Ohio you're in, post a comment below or contact me.

Homes For Sale In Cleveland Heights, Ohio
Homes That Are Active - 533
Average List Price - $165.520
Average Days On Market - 115
Average Size - 1,935 SqFt - 3 bedroom, 1 bath

Homes That Have Expired In Cleveland Heights, Ohio
Homes That Have Expired - 259
Average List Price - $124,966
Average Days On The Market - 158
Average Size - 1,760SqFt - 3 bedroom, 1 bath

Homes That Have Sold In Cleveland Heights, Ohio
Homes That Have Sold - 187
Average List Price - $101,748
Average Selling Price - $92,911
Average Days On The Market - 94
Average Size - 1,707 SqFt - 3 bedroom, 1 bath


Homes right now in Cleveland Heights are selling for 90% of their asking price. Homes are also being sold at approximately $50 a SqFt. Naturally these numbers seem low but you must also remember, there are many bank owned homes for sale in Cleveland Heights. It pulls the averages down. If you're really curious about a particular street or home's value, it needs to be evaluated individually. Call or email anytime if you're thinking of buying or selling a home.

1 Comments:

Anonymous Matt Wilson said...

Thanks for putting this together!

$50/square foot -- ouch! That's a nasty statistic.

But there's a lot of really good things about Cleveland Heights that aren't obvious if you just look at statistics like price per square foot. It's a beautiful town, with all different kinds of people living together. It's very easy to walk to places like grocery stores and parks, there's lots of good restaurants, and neighbors really get to know each other.

We have plenty of issues to work on, but I love the fact that I know a lot of people that grew up here and now are choosing to raise their kids in the same place. You won't find the same sense of community in a brand-new McMansion development.

September 30, 2008  

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