Is Middleburg 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, Middleburg Heights has remained a Seller's Market.
Key Takeaway
Middleburg Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleburg Heights, OH
How much do homes in Middleburg Heights, OH cost?
Median Sold Price
$250,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middleburg Heights have sold for 1% more than they did a year ago.
Summary: The median home sold price in Middleburg Heights was $250,000 in May 2024, up 1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | - | N/A |
| 2 Bedrooms | $175K | $141.5K | -19.1% |
| 3 Bedrooms | $253K | $268.9K | +6.3% |
| 4 Bedrooms | $292K | $305K | +4.5% |
| 5+ Bedrooms | $302.5K | $480K | +58.7% |
Summary: Middleburg 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 decreased by 19.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 58.7%.
Median Sold Price Compared To Nearby Cities
| Berea | $195.7K | $233.4K | +19.3% |
| Brookpark | $185K | $210K | +13.5% |
| Brook Park | $185K | $210K | +13.5% |
| Parma Heights | $186K | $197.7K | +6.3% |
| Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Middleburg Heights, OH
How many homes are available in Middleburg Heights, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Middleburg Heights real estate market had 47 homes for sale in May 2024, a 17.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Middleburg Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleburg Heights, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Middleburg Heights in May 2024, up by 13.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% were sold over asking.
Days on Market for Middleburg Heights, OH
How long does it take to sell a home in Middleburg Heights, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 12 Days | +36.0% |
Summary: Homes in Middleburg Heights had an average of 12 days on market in May 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middleburg Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Middleburg Heights; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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