Is Highland 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, Highland Heights has remained a Seller's Market.
Housing Prices in Highland Heights, OH
How much do homes in Highland Heights, OH cost?
Median Sold Price
$430,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highland Heights was $430,000 in May 2024, up 16.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $430K | +43.3% |
3 Bedrooms | $324K | $380K | +17.3% |
4 Bedrooms | $432.4K | $431K | -0.3% |
5+ Bedrooms | $535K | $647K | +20.9% |
Summary: Highland 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 43.3%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
Willoughby Hills | $265K | $326K | +23.0% |
Highland Heights | $370K | $430K | +16.2% |
Lyndhurst | $207.8K | $215K | +3.4% |
Mayfield | $385K | $349K | -9.4% |
Housing Supply in Highland Heights, OH
How many homes are available in Highland Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Summary: The Highland Heights real estate market had 30 homes for sale in May 2024, a 7.1% increase 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 | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Highland 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 increased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Highland Heights in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Highland Heights, OH
How long does it take to sell a home in Highland Heights, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 17 Days | -55.7% |
Summary: Homes in Highland Heights had an average of 17 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Highland Heights; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.