Navigating Real Estate in Ohio: A Comprehensive Guide

Welcome to our dedicated blog where we dive deep into the nuances of the real estate markets in Ohio. Whether you're buying your first home, seeking investment properties, or exploring market trends, our insights will guide you through every step of your real estate journey.

Ohio Real Estate Overview

Ohio's real estate market offers a diverse range of options from bustling city apartments in Columbus to serene suburban homes in Fairfield County. The state's affordable cost of living combined with growing job opportunities makes it an attractive market for first-time homebuyers and investors alike.

Market Trends

Ohio: Current trends indicate a rise in demand for suburban homes as more individuals seek properties with more space and access to nature.

Investment Opportunities

Ohio: Look for burgeoning markets in smaller cities and suburbs where property values are set to rise.

Buying and Selling Tips

For Buyers: Consider your long-term goals. In Ohio, focus on community-driven areas with good schools and infrastructure.
For Sellers: Highlight unique property features. In Ohio, emphasize space and community amenities.

This content structure provides a thorough introduction to the real estate landscapes of both states, catering to various interests from home buyers to investors.

Aug. 26, 2026

How Long Does Foreclosure Take in Ohio? A Month-by-Month Timeline

Illustration of a month-by-month timeline running from a missed mortgage payment to an Ohio sheriff's sale and court confirmation

Ohio foreclosure typically takes six months to well over a year from the first court filing to a confirmed sheriff's sale. That is longer than most states, and the reason is structural: Ohio is a judicial foreclosure state, so your lender cannot simply post a notice and auction the house. It has to file a lawsuit, serve you, win a judgment, have the property appraised and advertised, and then have a judge confirm the sale afterwards.

If a complaint just landed on your doorstep, the single most useful thing to understand is that you almost certainly have more time than you think — and that the time is finite, running, and expensive. The sections below walk the process in the order it actually happens, with the statute behind each step so you can look it up yourself.

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Before Anything Is Filed: Roughly Four Months

Foreclosure does not begin with the first missed payment. Under federal mortgage servicing rules, a servicer generally cannot make the first foreclosure filing until you are more than 120 days delinquent (12 CFR 1024.41). There are narrow exceptions, but as a general rule you get about four months of late notices, phone calls and a breach letter before anything reaches a courthouse.

This is the stretch where you have the most options and the fewest people telling you so. Loss mitigation, a repayment plan, a loan modification, or simply selling while you still control the timeline are all live here. They get progressively harder later, and none of them get easier by waiting.

Month 1: The Complaint Is Filed and Served

Your lender files a foreclosure complaint in the court of common pleas for the county where the property sits. You are served, and from that point you have 28 days to file an answer under Ohio Civil Rule 12(A)(1).

Not answering is the single most expensive mistake available at this stage. A default judgment lets the case move to sale far faster than a contested one, and it forfeits defenses you may not know you have — standing problems, servicing errors, misapplied payments. If you do nothing else, talk to an Ohio attorney or your county's legal aid office inside that 28-day window. Filing an answer costs you nothing but time and can add months to the calendar.

Months 2 Through 8: Getting to Judgment

How long this takes depends almost entirely on your county's docket rather than on anything about your loan. Franklin County, with the largest volume in the state, generally moves slower than the rural counties around it. A contested case with real defenses takes longer still, and that is often the point of contesting one.

Somewhere in here the court issues a judgment and a decree of foreclosure, which fixes the amount owed and authorizes a sale. Until that entry exists, there is no sale date to worry about. After it, the machinery is procedural and it moves.

After Judgment: The Appraisal Sets the Floor

Before the property can be auctioned it has to be valued. Under ORC 2329.17 the sheriff calls an inquest of three disinterested freeholders who live in and own real property in that county, and they set the appraised value. Where residential property is being sold by a private selling officer, those appraisers have 21 calendar days to deliver the appraisal; if they miss it, the value defaults to the county auditor's most recent figure unless the court orders a separate appraisal for good cause.

That appraised number matters more than it looks, because the minimum bid at the first auction is a fraction of it. If it comes in low, your floor is low.

Property generally cannot sell at that first auction for less than two-thirds of its appraised value (ORC 2329.20). But do not take much comfort from that floor: in residential mortgage foreclosures, ORC 2329.52(B) requires a second auction not earlier than seven and not later than thirty days after the first, sold to the highest bidder with no regard to the two-thirds minimum. If it remains unsold after two auctions it can be offered again with no minimum at all. The floor delays a low sale rather than preventing one.

The Notice Window: Three Weeks, and Seven Days

Ohio requires the sale be advertised once a week for three consecutive weeks before the day of sale (ORC 2329.27). Separately, the judgment creditor must serve you written notice of the date, time and place — or the start date and web address, if the auction is online — and file that notice with the clerk at least seven calendar days before the sale (ORC 2329.26).

The newspaper advertisement is often the first moment the situation feels real, and by the time it appears you are usually looking at days to weeks, not months. If a sale gets postponed, ORC 2329.152 requires any rescheduled date to fall within 180 days of the original one, so a continuance buys time without resetting the clock.

The Deadline That Actually Matters

Most timelines you will read end at the sheriff's sale. Ohio's does not. Under ORC 2329.33 you keep an equitable right of redemption at any time before the court confirms the sale, which happens after it — and under ORC 2329.31 the court is to direct that confirmation entry within thirty days of the return of the writ, so the gap is usually weeks, not months.

Be practical about what that window is worth. Redeeming after the sale means depositing the judgment amount plus all costs with the clerk, plus eight per cent annual interest on the purchase money from the day of sale (ORC 2329.33). And in the gap between sale and confirmation, most title companies will not insure a transfer — which means most buyers cannot close even if you find one. Treat the sale date as your real deadline. Everything before it is negotiable.

After Confirmation: Deficiency, Surplus, and Credit

Losing the house may not end it. Ohio permits deficiency judgments, where the lender pursues you for the gap between what the property sold for and what you owed. ORC 2329.08 sets a two-year cutoff running from confirmation, but read the section rather than the summary: it reaches property with a dwelling or dwellings for not more than two families that has been used as a home or farm dwelling, or held as a homestead or homesite. A larger multi-unit or purely commercial property is plainly outside it; whether a small rental you never occupied qualifies is a genuine question for your attorney, not a given.

Money can also come back the other way. If the sale brings more than the judgment and costs, ORC 2329.44 requires the officer to deliver the balance to the clerk within forty-five days of confirmation and the clerk to notify you. Do not sit on that notice — unclaimed balances are disposed of as unclaimed funds. And a completed foreclosure stays on your credit report for seven years from the date of first delinquency under the Fair Credit Reporting Act, affecting your next mortgage and your rates.

What the Timeline Means Practically

Three things follow from all of the above. You have more runway than the letters suggest: the urgency in a servicer's mail is not the same as the urgency on the court's calendar, and panic decisions made in month one are usually worse than considered decisions made in month three.

The runway is also not infinite, and it shortens invisibly. Arrears, late fees, default interest and the lender's attorney costs accrue the entire time, and they come out of whatever equity you have. Waiting is not free even when nothing appears to be happening. Finally, a sale that pays the loan in full ends the case — not a modification, not a negotiation, a payoff. That is why selling before the sale date resolves a foreclosure so cleanly, and why the ability to close in one to two weeks matters more here than the last few percent of price.

Frequently Asked Questions

How many payments can I miss before foreclosure starts in Ohio?

Under federal servicing rules a servicer generally cannot make the first foreclosure filing until you are more than 120 days delinquent (12 CFR 1024.41). In practice that is about four missed payments, though you will hear from the servicer well before that. Narrow exceptions exist, so treat 120 days as the general rule rather than a guarantee.

Is Ohio a judicial or non-judicial foreclosure state?

Judicial. Your lender must file a lawsuit in the court of common pleas and obtain a judgment and decree of foreclosure before a sheriff's sale can happen, and a judge must confirm the sale afterwards. That is why Ohio timelines run longer than in states where a trustee can sell without ever going to court.

Can I stop an Ohio foreclosure after the sheriff's sale?

Legally yes, at any time before the court confirms the sale under ORC 2329.33, but it requires depositing the full judgment plus all costs with the clerk together with eight per cent annual interest on the purchase money from the day of sale. Practically, treat the auction date as your deadline, because title companies generally will not insure a transfer in that gap.

Does filing bankruptcy stop an Ohio foreclosure?

Filing triggers an automatic stay that halts a scheduled sale, and a Chapter 13 plan can let you cure arrears over time. It does not help once the sale has already happened and been confirmed, and it carries consequences well beyond the house. That is an attorney conversation, and it is worth having early rather than the week of the auction.

How long does a foreclosure stay on my credit report?

Seven years from the date of first delinquency, under the Fair Credit Reporting Act. A sale that pays the mortgage in full does no such damage at all, because the account closes satisfied rather than charged off. That difference is a large part of why selling before the sale date is often the better financial outcome, not just the faster one.

Warren Ohio Real Estate Market Report – August 2026

The average Warren seller accepted $4,513 below their asking price. That is among the largest concessions of any market in Northeast Ohio right now — larger than Youngstown, larger than Cleveland, and a world away from the suburbs where sellers are finishing above list. If you are buying in Warren, the negotiating position is genuinely yours.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Warren Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Warren market area in Trumbull County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	150	89	323
Average List Price	$205,537	$169,257	$190,489
Average Sold Price	—	—	$185,976
Average Bedrooms	3.1	3.1	3.1
Average Bathrooms	1.9	1.9	2.1
Average Living Area	1,802 sq ft*	1,640 sq ft	1,760 sq ft
Average Price per Sq Ft	$119*	$104	$112
Average Days on Market	67	67	74

Source: Warren Ohio Real Estate Market Report, live MLS data, August 2026. *Roughly 29% of active listings do not report living area, so the active square-footage and per-foot figures are computed on the remainder and should be treated as indicative rather than precise. The pending and sold columns are more complete.

The Largest Discounts in the Region

Recent Warren closings averaged $185,976 against an average list price of $190,489 — a sale-to-list ratio of 97.6%.

In dollar terms that is $4,513 off the typical asking price. Set it against the surrounding markets and the contrast is stark: Cuyahoga Falls sellers are collecting 102.1% of asking, Strongsville 100.8%, Mentor 99.9%. Even Youngstown, the most affordable market in the state, only concedes 1.9%.

Warren concedes 2.4%, and it does so across 323 closed sales — a large enough sample that this is the market's central tendency rather than a handful of motivated sellers.

Prices Are Drifting Down at the Margin

Homes under contract are transacting at $104 per square foot. Homes that already closed went for $112.

Pending sales reflect the last few weeks; closed sales reflect decisions made months ago. When the pending figure sits 7% below the closed figure, the most recent round of negotiations landed softer than the previous one.

Combined with a 1.69 active-to-pending ratio and 150 listings on the market, the direction of travel favors buyers. Nothing here suggests urgency.

Affordability Is the Structural Story

At $185,976 average, Warren sits roughly 35% below Ohio's statewide median. The monthly principal and interest at 6.65% with 20% down comes to about $955.

What that buys is a three-bedroom home of roughly 1,760 square feet — genuinely a family house, not a starter unit. For buyers whose work is in the Mahoning Valley, or who can work remotely, the cost-of-entry math here is difficult to match anywhere in the state.

As with any market at this price point, taxes and insurance are a meaningful share of the total payment, so build the full escrow figure rather than the loan payment alone.

A Steady, Unhurried Pace

Active listings average 67 days on market. Homes under contract also took 67. Closed sales took 74.

That consistency matters more than the absolute level. In a deteriorating market you would see active inventory piling up far beyond what sold homes required — actives at 120 days against sold at 74. Warren shows nothing of the kind. The market is unhurried, but it is clearing, and the pendings are marginally quicker than the closings rather than slower.

Ohio Context and Mortgage Rates

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At this price level a quarter-point rate move changes the payment by roughly $22 a month, so rate timing matters far less here than the negotiated price does.

Warren Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,760 square feet. Start with homes for sale in Warren, Ohio.
Condos and low-maintenance living. A small segment locally, worth comparing against the detached inventory at this price point. Compare Warren condos for sale.
New construction. Limited, and priced well above the citywide resale rate. See new construction homes in Warren.
Lots and land. Widely available in and around the city. Browse Warren lots and land.
Commercial property. The downtown square and the Elm Road corridor trade on fundamentals unrelated to the residential figures above. Review Warren commercial real estate.
Multi-family and investment. Low entry prices and steady rental demand make this an active investor market. See Warren multi-family and investment property.
Distressed and below-market. Present in meaningful numbers, and the segment where condition risk is highest. Check Warren foreclosures and distressed sales.

What This Means If You Are Buying

Negotiate with confidence. A 97.6% average sale-to-list ratio across 323 sales is not a fluke — sellers here expect to come down, and the listings that have sat past the 67-day average are where that number grows well beyond $4,500.

Take your time. With 150 listings, a 1.69 ratio and pending prices drifting below closed prices, there is no evidence that waiting a few weeks will cost you anything.

Spend the money on inspection. At this price point, condition is the dominant variable in what you actually own, and a low price per square foot frequently reflects deferred work rather than a bargain. Find out which before you commit.

What This Means If You Are Selling

Price realistically from day one, and price to the pending column rather than the closed column. Buyers are currently contracting at $104 per square foot — roughly $183,000 for a 1,760-square-foot home — below the $112 that recent closings achieved.

Build the concession into your expectations. Around $4,500 off asking is the normal outcome here, and a seller who rejects a fair offer in month two frequently accepts less in month five.

Condition is your strongest lever. In a market where buyers are pricing in repairs and have 150 alternatives, a home that genuinely does not need work is the one that stands out.

How Warren Compares Nearby

Buyers weighing Warren routinely also look at Niles, Girard, Cortland, Howland and Youngstown. Compare the underlying data at the Niles, Girard and Youngstown market reports.

Frequently Asked Questions

How much can you negotiate off asking price in Warren, Ohio?

More than almost anywhere in Northeast Ohio. Recent closings averaged 97.6% of list price — an average concession of about $4,513. An offer below asking is a normal opening move here rather than a long shot.

What is the average home price in Warren, Ohio?

Recent closed sales averaged $185,976 on homes of roughly 1,760 square feet with 3.1 bedrooms. That is about 35% below Ohio’s statewide median sale price of $285,000.

Is Warren a buyer’s market?

Clearly. There are 150 homes for sale against 89 under contract, a ratio of 1.69, and homes are taking about 74 days to sell. Combined with the largest average concession in the region, buyers have both selection and leverage.

Are home prices in Warren rising or falling?

Drifting slightly down at the margin. Homes currently under contract are transacting at $104 per square foot, below the $112 recent closings achieved. Pending sales are the most current evidence available, and they point softer rather than firmer.

How much is the monthly payment on an average Warren home?

At the August 2026 average sale price of $185,976, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $955 a month before taxes and insurance.

How long does it take to sell a house in Warren?

Recent closed sales averaged 74 days on market, and homes currently under contract also took 67 days. Plan on roughly two to two and a half months for a well-priced home.

Get a Personalized Warren Market Analysis

A citywide average cannot tell you what your home is worth, and in a market this varied by street and condition it is more likely to mislead than help. Ready to make a move? Search all Warren, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Warren Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Warren

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Aug. 25, 2026

Cleveland Heights Ohio Real Estate Market Report – August 2026

Cleveland Heights currently gives buyers what most of Northeast Ohio does not: 89 homes to choose from against 41 under contract, and closings averaging 99% of asking. But the homes going under contract are reaching agreement 22 days faster than recent sales took, and they are paying more per square foot. Cleveland Heights is a buyer's market that is actively tightening, and that combination has a short shelf life.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Cleveland Heights Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Cleveland Heights market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	89	41	230
Average List Price	$294,504	$231,019	$254,856
Average Sold Price	—	—	$252,356
Average Bedrooms	3.6	3.6	3.6
Average Bathrooms	2.3	2.2	2.4
Average Living Area	2,232 sq ft	1,973 sq ft	2,161 sq ft
Average Price per Sq Ft	$130	$126	$121
Average Days on Market	65	54	76

Source: Cleveland Heights Ohio Real Estate Market Report, live MLS data, August 2026.

Real Selection, Real Negotiating Room

At 2.17 available homes per pending sale, Cleveland Heights offers among the widest selection in Cuyahoga County. A balanced market runs 1.5 to 2.0; this sits above it.

That shows up in price too. Recent closings averaged $252,356 against $254,856 asked — 99% of list, or roughly $2,500 off. In a region where Parma, Canton, Cuyahoga Falls and Strongsville sellers are all finishing above asking, this is one of the few nearby markets where buyers are still getting money back.

But the Trend Is Moving Against Buyers

Two numbers cut the other way, and they are the most current ones available.

Homes under contract reached agreement in 54 days. Homes that already closed took 76. That is a 22-day improvement — nearly 30% faster — and it is among the sharpest accelerations in the county.

At the same time the per-foot progression runs upward: $121 for closed sales, $126 for homes under contract, $130 asked on active listings. Buyers currently in contract are paying about 4% more per square foot than recent closings did.

Faster absorption and a rising rate per foot are the two things you would expect to see just before selection tightens. The 2.17 ratio describes today; it is not a promise about November.

The Best Square-Footage Value in the County

Here is what makes Cleveland Heights genuinely distinctive: at $121 per square foot, the average sale delivered 2,161 square feet and 3.6 bedrooms for $252,356.

Compare that to nearby markets. Strongsville averages $161 per foot, Lakewood $201, Cuyahoga Falls $158. Cleveland Heights is delivering substantially more house per dollar than any of them.

The reason is the housing stock. This is an early-twentieth-century streetcar suburb built with generous floor plans, high ceilings and formal rooms — space that costs a great deal to build today and trades at a discount when it is a century old. Buyers who want size and character rather than new construction are getting an unusual amount for their money.

The honest counterpart: older housing carries older systems. Budget realistically for mechanicals, roofs and windows, because the per-foot bargain assumes some of that work is ahead of you.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Cleveland Heights' $252,356 average runs about 11% below the state median while delivering considerably more square footage than the median Ohio home.

Cleveland Heights Market Breakdown by Property Type

Single-family homes. The heart of the market — 3.6-bedroom homes near 2,161 square feet, much of it architecturally distinctive early-twentieth-century stock. Start with homes for sale in Cleveland Heights, Ohio.
Condos and low-maintenance living. A meaningful segment, including historic buildings around Coventry and Cedar-Lee. Compare Cleveland Heights condos for sale.
New construction. Very limited in a fully built-out city. See new construction homes in Cleveland Heights.
Lots and land. Scarce, with occasional infill parcels. Browse Cleveland Heights lots and land.
Commercial property. The Coventry, Cedar-Lee and Cedar-Fairmount districts trade on fundamentals unrelated to the residential figures above. Review Cleveland Heights commercial real estate.
Multi-family and investment. A deep market of doubles and small apartment buildings with steady demand from the nearby university and hospital systems. See Cleveland Heights multi-family and investment property.
Distressed and below-market. Present in meaningful numbers, and where condition risk on century-old housing is highest. Check Cleveland Heights foreclosures and distressed sales.

Featured Cleveland Heights Neighborhoods

A citywide average of $121 per square foot spans neighborhoods with very different character and price levels — the Ambler Heights and Fairmount areas trade on entirely different terms than the streets near the Cleveland border. Neighborhood data is where the number that applies to your home actually lives:

After Green · Ambler Heights · Belshire Court Condos · Brunswick Park · Burlington Court Condos · Cedar Heights · Cedar Hill · Chestnut Hills · Colonial Heights · Compton Heights · Coventry Park · Coventry Village · Crown Point · Euc Heights · Euclid Heights · Fairmount Heights · Forest Hill Overlook · Forest Hill Resub · Forest Hills Blvd · Forest Overlook

What This Means If You Are Buying

Use the selection while it lasts. Eighty-nine listings and a 99% sale-to-list ratio give you room to be deliberate — but the 54-day pending pace says that room is narrowing, not widening.

Focus on the listings that have been sitting. With active inventory averaging 65 days and closings averaging 76, the homes past those marks are where the $2,500 average concession becomes considerably larger.

Inspect seriously and budget for systems. The square-footage value here is real, and so is the age of the housing. A thorough inspection is not a formality in this market — it is the difference between a bargain and a project.

What This Means If You Are Selling

Price to the current market, not to last spring's. With 89 competing listings, an ambitious price gets skipped rather than negotiated. Anchor near $121 to $126 per square foot — roughly $261,000 to $272,000 for a 2,161-square-foot home — and let the improving pace work for you.

Budget for a concession around $2,500 and understand it is normal here rather than a sign you priced wrong.

Lead with the square footage and the character. In a region where $250,000 buys 1,600 square feet of postwar ranch, your 2,100-square-foot home with original woodwork is the differentiated product. Photograph it accordingly.

How Cleveland Heights Compares Nearby

Buyers weighing Cleveland Heights routinely also look at Shaker Heights, South Euclid, University Heights, Lyndhurst and Cleveland. Compare the underlying data at the Shaker Heights, South Euclid and Cleveland market reports.

Frequently Asked Questions

Is Cleveland Heights a buyer’s market?

Currently yes, but it is tightening. There are 89 homes for sale against 41 under contract — a ratio of 2.17, well above the 1.5 to 2.0 balanced range — and recent closings averaged 99% of asking. However, homes are reaching contract 22 days faster than recent closings took, so that buyer advantage is narrowing.

What is the average home price in Cleveland Heights, Ohio?

Recent closed sales averaged $252,356 on homes of roughly 2,161 square feet with 3.6 bedrooms. That is about 11% below Ohio’s statewide median of $285,000 — and notable for how much house it buys, since 2,161 square feet is well above the state norm at that price.

How much negotiating room is there in Cleveland Heights?

Meaningful but not dramatic. Recent closings averaged 99% of list price, an average concession of about $2,500. Listings that have sat past the 65-day active average are where larger discounts tend to appear.

Is the Cleveland Heights market speeding up?

Sharply. Homes currently under contract reached agreement in 54 days, against 76 days for homes that already closed. That 22-day improvement is one of the largest accelerations in Cuyahoga County this cycle.

What is the price per square foot in Cleveland Heights, Ohio?

Recent closed sales averaged $121 per square foot. Homes under contract are at $126 and active listings ask $130 — a rising progression that suggests pricing is firming rather than softening.

Why is Cleveland Heights good value for square footage?

The housing stock. Cleveland Heights was largely built in the early twentieth century with generous floor plans, and at $121 per square foot the average sale delivers about 2,161 square feet for $252,356. Very few Ohio markets offer that combination of size and price.

Get a Personalized Cleveland Heights Market Analysis

A citywide average cannot tell you what your home is worth — and in a city with housing this varied, from Ambler Heights mansions to modest bungalows, it is especially blunt. Ready to make a move? Search all Cleveland Heights, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: Cleveland Heights Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Cleveland Heights

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Aug. 25, 2026

Strongsville Ohio Real Estate Market Report – August 2026

Strongsville homes going under contract right now average 2,913 square feet and 3.7 bedrooms. Homes that closed a few months ago averaged 2,614 square feet and 3.3 bedrooms. Buyers are contracting for bigger houses than the recent sales data reflects — and doing it 15 days faster. Strongsville is tightening, and the composition of what sells is shifting upward with it.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Strongsville Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Strongsville market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	53	56	214
Average List Price	$458,741	$420,148	$391,414
Average Sold Price	—	—	$394,380
Average Bedrooms	3.4	3.7	3.3
Average Bathrooms	2.8	3.0	2.7
Average Living Area	2,732 sq ft	2,913 sq ft	2,614 sq ft
Average Price per Sq Ft	$176	$150	$161
Average Days on Market	56	39	54

Source: Strongsville Ohio Real Estate Market Report, live MLS data, August 2026.

More Homes Under Contract Than Available

Fifty-three homes are for sale. Fifty-six are already under contract. A ratio of 0.95 puts Strongsville among the tightest markets in Cuyahoga County, alongside Parma and Cuyahoga Falls.

With inventory this thin there is no fallback selection. A buyer who loses a house does not move to the next comparable listing — across the entire city there are 53 homes at every price point, size and condition combined.

214 homes have closed over the reporting period, so demand is steady and the shortage is one of replacement rather than interest.

The Pace Has Jumped

Homes under contract reached agreement in 39 days. Homes that closed took 54. Active listings have been available 56.

A fifteen-day improvement on a 54-day baseline is roughly 28% faster, and it is the clearest signal in this report. Whatever the closed data suggests about timing, the current market is moving considerably quicker than that.

Buyers Are Contracting for Larger Homes

This is the compositional shift worth understanding. The pending cohort averages 2,913 square feet and 3.7 bedrooms — larger on both counts than either the active listings (2,732 sq ft, 3.4 beds) or recent closings (2,614 sq ft, 3.3 beds).

They are also paying a lower rate per square foot: $150, against $161 for closed sales and $176 asked on active listings. That is not a discount so much as arithmetic — larger homes almost always carry a lower per-foot rate, because the additional square footage tends to be bedrooms and bonus space rather than kitchens and baths.

Read together, the picture is buyers reaching for more house and getting it at a reasonable rate, which is consistent with a market where families are trading up rather than one where demand is thinning.

Sellers Are Finishing Above Asking

Recent closings averaged $394,380 against an average list price of $391,414 — a sale-to-list ratio of 100.8%, or roughly $2,966 above asking.

Above 100% across 214 transactions means competing offers are common enough to move the average. In a market with 53 listings and a 39-day pending pace, that is what you would expect.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Strongsville's $394,380 average runs roughly 38% above the state median — the premium its schools, its parkland and its position on the southwest corridor have long supported.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, Strongsville's average sale price works out to roughly $2,025 a month in principal and interest before taxes and insurance. In a market closing above asking, budget for a possible appraisal gap on top of that.

Strongsville Market Breakdown by Property Type

Single-family homes. Effectively the whole market — three-to-four-bedroom homes near 2,614 square feet. Start with homes for sale in Strongsville, Ohio.
Condos and low-maintenance living. The villa and cluster communities are the most accessible entry point and move quickly in a 0.95-ratio market. Compare Strongsville condos for sale.
New construction. Limited by remaining land, which is a structural reason resale supply stays this tight. See new construction homes in Strongsville.
Lots and land. Genuinely scarce inside the city and priced to reflect it. Browse Strongsville lots and land.
Commercial property. The Royalton Road corridor and the SouthPark area trade on fundamentals unrelated to the residential figures above. Review Strongsville commercial real estate.
Multi-family and investment. Scarce locally, which is exactly what makes the few available assets worth attention. See Strongsville multi-family and investment property.
Distressed and below-market. Nearly absent in a market closing above asking. Check Strongsville foreclosures and distressed sales.

What This Means If You Are Buying

Be ready to act within days, not weeks. A 39-day pending pace in a market with 53 total listings means the decision window on a well-priced home is short, and fully underwritten financing is what lets you use it.

Expect to pay at or above list. The average closing lands about $2,966 over asking, so an offer at list price is a below-average offer here.

If you want more house, the data says now is a reasonable moment. The pending cohort is securing 2,913-square-foot homes at $150 per foot — the larger end of this market is where the rate per foot is most favorable.

What This Means If You Are Selling

Price at the market and let scarcity work. Anchoring near $161 per square foot puts a 2,614-square-foot home around $421,000, and the 100.8% sale-to-list ratio says correctly priced homes generate the competition that pushes past asking.

The active pool asks $176 per foot on smaller homes and averages 56 days; that is the cost of stretching. The homes reaching contract in 39 days are the ones priced where buyers are actually transacting.

Prepare before you launch. In a market moving this fast, the first week carries most of your leverage and a later price reduction will not recover it.

How Strongsville Compares Nearby

Buyers weighing Strongsville routinely also look at North Royalton, Brunswick, Broadview Heights, Berea and Middleburg Heights. Compare the underlying data at the North Royalton, Brunswick and Broadview Heights market reports.

Frequently Asked Questions

What is the average home price in Strongsville, Ohio?

Recent closed sales averaged $394,380 on homes of roughly 2,614 square feet with 3.3 bedrooms. That is about 38% above Ohio’s statewide median sale price of $285,000.

Is Strongsville a seller’s market?

Yes. There are 53 homes actively for sale against 56 under contract — a ratio of 0.95, meaning more homes are spoken for than available. Recent closings also averaged 100.8% of asking, about $2,966 above list.

How fast do homes sell in Strongsville?

Homes currently under contract reached agreement in just 39 days, against 54 for homes that already closed. That 15-day acceleration is one of the sharpest in Cuyahoga County this cycle.

Are buyers in Strongsville getting more house for their money right now?

The homes going under contract are notably larger — averaging 2,913 square feet and 3.7 bedrooms, against 2,614 square feet and 3.3 bedrooms for recent closings. They are also transacting at a lower rate per square foot, $150 against $161.

What is the price per square foot in Strongsville, Ohio?

Recent closed sales averaged $161 per square foot. Active listings ask $176 on smaller homes, while homes under contract are at $150 on larger ones — a reminder that per-foot rates fall as square footage rises.

How much is the monthly payment on an average Strongsville home?

At the August 2026 average sale price of $394,380, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $2,025 a month before taxes and insurance.

Get a Personalized Strongsville Market Analysis

A citywide average cannot tell you what your home is worth — and in a market where the homes going under contract are larger than the homes that recently sold, it is especially likely to lag. Ready to make a move? Search all Strongsville, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Strongsville Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Strongsville

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Aug. 25, 2026

Mentor Ohio Real Estate Market Report – August 2026

The average Mentor home listed at $299,670 and sold for $299,433. That is a difference of $237 — less than a tenth of a percent. Across 319 closed sales, Mentor is transacting at almost exactly the price sellers ask, and the rest of the data is just as orderly. This is the most predictable market in Northeast Ohio, and predictability is worth something to both sides.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Mentor Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Mentor market area in Lake County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	80	78	319
Average List Price	$366,363	$305,637	$299,670
Average Sold Price	—	—	$299,433
Average Bedrooms	3.2	3.2	3.2
Average Bathrooms	2.5	2.4	2.3
Average Living Area	2,115 sq ft	1,932 sq ft	1,910 sq ft
Average Price per Sq Ft	$167	$161	$160
Average Days on Market	55	48	54

Source: Mentor Ohio Real Estate Market Report, live MLS data, August 2026.

A Market That Does Exactly What It Says

Three signals in this table point the same direction, and it is an unusual direction: nothing here is mispriced.

The sale-to-list ratio is 99.9%. The price per square foot runs $160 sold, $161 under contract, $167 asked — a spread of about 4% across the entire pipeline. Days on market run 54 sold, 48 pending, 55 active — a seven-day band.

Compare that to the region around it. Cuyahoga Falls sellers are collecting 102.1% of asking. Youngstown buyers are negotiating 1.9% off. Dublin's active listings sit 79 days longer than its pendings. Mentor has none of that dispersion. Sellers list at the market, buyers pay it, and homes clear in under two months.

Supply Is Tight, and It Shows Up as Speed

Eighty homes available against 78 under contract gives a ratio of 1.03 — well below the 1.5-to-2.0 balanced range. Genuine selection is limited.

What that scarcity produces here is pace rather than price. Homes under contract reached agreement in 48 days, six days faster than recent closings. Sellers are not extracting a premium; they are simply getting to contract sooner.

319 homes have closed in this market area over the reporting period, so this is a deep and liquid market rather than a thin one where a few transactions could distort the picture.

The Asking-Price Gap Is Size

The one number that looks out of place is the $366,363 average asking price against $299,433 in average closings — a gap of nearly $67,000.

Active listings average 2,115 square feet against 1,910 for recent closings, roughly 11% more house, and they carry an extra half-bathroom. Per square foot the gap shrinks to $167 against $160, or about 4%.

So the active pool is modestly larger and modestly more expensive per foot — a normal, healthy amount of stretch, not a market where sellers have detached from reality.

What Predictability Is Worth

It is tempting to read an orderly market as a boring one, but the practical value is real on both sides.

For a seller, it means the pricing decision is low-risk. There is no evidence that listing above the market gets rewarded here, and no evidence that listing at the market leaves money behind. Price it right and the outcome is highly predictable.

For a buyer, it means the asking price is close to the real price. You are not hunting for a hidden discount and you are not being asked to bid against an invisible pool of competitors. What you see is roughly what you pay.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Mentor's $299,433 average sits slightly above the state median — a large, established Lake County suburb with lakefront access and its own employment base.

Mentor Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,910 square feet with better than two baths. Start with homes for sale in Mentor, Ohio.
Condos and low-maintenance living. A meaningful segment and often the quickest way into the market given a 1.03 supply ratio. Compare Mentor condos for sale.
New construction. Present on the southern and eastern edges, and a contributor to the larger active-listing averages. See new construction homes in Mentor.
Lots and land. Still available in pockets, unlike the fully built-out inner-ring suburbs. Browse Mentor lots and land.
Commercial property. The Mentor Avenue corridor and the Great Lakes Mall area trade on fundamentals unrelated to the residential figures above. Review Mentor commercial real estate.
Multi-family and investment. Limited local supply with steady rental demand from the Lake County employment base. See Mentor multi-family and investment property.
Distressed and below-market. Rare in a market this orderly, which makes any that surface worth immediate attention. Check Mentor foreclosures and distressed sales.

What This Means If You Are Buying

Do not plan your strategy around negotiating. At 99.9% of asking, the typical Mentor home sells for its list price, and an offer built around a discount will simply lose to one that is not.

Focus your energy on speed and selection instead. With 80 listings and a 48-day pending pace, the constraint here is finding the right house, not winning it on price.

Use $160 per square foot as your benchmark. Anything close to that is priced at the market; well above deserves a specific reason, and well below deserves a careful look at condition.

What This Means If You Are Selling

Price at the market and the process is close to mechanical. Anchor near $160 per square foot — roughly $306,000 for a 1,910-square-foot home — and expect to close within a few hundred dollars of it in about seven weeks.

There is no evidence that stretching works here. The active pool asks 4% more per foot and takes 55 days rather than 48; that is the entire cost-benefit of overpricing in this market, and it does not favor you.

Presentation still matters. In a market where price is not the differentiator, condition and photography are what move a home from the 55-day group into the 48-day group.

How Mentor Compares Nearby

Buyers weighing Mentor routinely also look at Willoughby, Eastlake, Painesville, Kirtland and Willowick. Compare the underlying data at the Willoughby, Eastlake and Painesville market reports.

Frequently Asked Questions

What is the average home price in Mentor, Ohio?

Recent closed sales averaged $299,433 on homes of roughly 1,910 square feet with 3.2 bedrooms. That is about 5% above Ohio’s statewide median sale price of $285,000.

Do Mentor sellers get their asking price?

Almost exactly. Recent closings averaged 99.9% of list price — a difference of just $237 on a roughly $299,000 home. There is essentially no systematic negotiating room in either direction.

Is Mentor a seller’s market?

Supply is tight: 80 homes for sale against 78 under contract, a ratio of 1.03, well below the 1.5 to 2.0 range that describes balance. But that scarcity has not translated into above-asking sales — homes simply sell promptly at their asking price.

How fast do homes sell in Mentor?

Homes currently under contract reached agreement in 48 days, against 54 for homes that already closed and 55 for listings still available. Expect roughly seven to eight weeks for a well-priced home.

What is the price per square foot in Mentor, Ohio?

Recent closed sales averaged $160 per square foot, homes under contract are at $161, and active listings ask $167. That spread of about 4% across all three stages is unusually tight and means Mentor sellers are pricing accurately.

How much is the monthly payment on an average Mentor home?

At the August 2026 average sale price of $299,433, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,538 a month before taxes and insurance.

Get a Personalized Mentor Market Analysis

A citywide average is a good starting point in a market this consistent, but it still cannot tell you what your specific home is worth. Lot size, condition, school assignment and proximity to the lake all move the number.

Ready to make a move? Search all Mentor, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Mentor Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Mentor

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Aug. 25, 2026

Euclid Ohio Real Estate Market Report – August 2026

Euclid has 73 homes for sale and 75 under contract — slightly more spoken for than available. In most markets that kind of scarcity produces bidding wars. In Euclid it has produced almost none: sellers are still finishing 99.3% of asking. That disconnect between tight supply and flat pricing is the most interesting thing in this month's data, and it has a straightforward explanation.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and what it means from either side.

Euclid Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Euclid market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	73	75	243
Average List Price	$151,190	$170,813	$156,526
Average Sold Price	—	—	$155,389
Average Bedrooms	2.9	3.2	3.1
Average Bathrooms	1.6	1.7	1.9
Average Living Area	1,374 sq ft	1,736 sq ft	1,586 sq ft
Average Price per Sq Ft	$110	$103	$101
Average Days on Market	77	58	72

Source: Euclid Ohio Real Estate Market Report, live MLS data, August 2026.

Scarcity Without Pricing Power

An active-to-pending ratio of 0.97 is genuinely tight — tighter than Canton, tighter than Elyria, comparable to Parma. In those markets, that scarcity translated directly into sellers finishing above asking: Parma at 101.6%, Canton at 101.2%.

Euclid is at 99.3%. Sellers are conceding roughly $1,137, not collecting a premium.

The reason is that Euclid's demand is bounded by affordability rather than by supply. At an average sale price of $155,389, buyers here are frequently financing near the limit of what they qualify for. When a buyer cannot go higher, a shortage of listings does not produce a higher price — it produces a faster sale at the same price. That is exactly what the data shows.

The Market Is Speeding Up

Homes under contract reached agreement in 58 days. Homes that closed took 72. That fourteen-day improvement is the scarcity showing up where it can — in velocity rather than price.

Active listings sit at 77 days, above both. That combination — fast pendings, slower actives — usually means the desirable inventory is being absorbed quickly while less competitive listings accumulate.

Buyers Are Taking the Bigger Homes

Look at the living-area row. Homes under contract average 1,736 square feet. Homes that closed averaged 1,586. Homes still available average 1,374.

Buyers are working through the larger homes first and leaving the smaller ones behind. Active listings are about 21% smaller than what is currently going under contract, which means the effective selection for anyone needing space is thinner than the raw count of 73 suggests.

It also explains why active listings ask the highest rate per square foot ($110) while delivering the least house. Smaller homes typically carry a higher per-foot rate, so that figure is a size artifact rather than evidence of overpricing.

Per-Foot Pricing Is Flat to Slightly Soft

Closed sales went for $101 per square foot. Homes under contract are at $103. Active listings ask $110 on much smaller homes.

The pending figure sitting two dollars above the closed figure is essentially flat — within noise on a market this size. There is no evidence of prices climbing, and none of them falling meaningfully either. Euclid is holding its level while turning over faster.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Euclid's $155,389 average runs roughly 45% below the state median — a lakefront inner-ring suburb at a price point that has largely disappeared elsewhere in Cuyahoga County.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, Euclid's average sale price works out to roughly $798 a month in principal and interest — but at this price level taxes and insurance frequently exceed the loan payment itself, so build the full escrow figure into your budget rather than the mortgage alone.

Euclid Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,586 square feet, largely mid-century stock. Start with homes for sale in Euclid, Ohio.
Condos and low-maintenance living. A meaningful share of the smaller current inventory, including lakefront buildings. Compare Euclid condos for sale.
New construction. Very limited in a built-out city, which is part of why supply stays this tight. See new construction homes in Euclid.
Lots and land. Scarce inside the city, with occasional parcels near the lakefront. Browse Euclid lots and land.
Commercial property. The Euclid Avenue corridor and the lakefront industrial areas trade on fundamentals unrelated to the residential figures above. Review Euclid commercial real estate.
Multi-family and investment. A deep, active market with strong rental demand and attainable entry prices. See Euclid multi-family and investment property.
Distressed and below-market. Present in meaningful numbers, and where condition risk is highest. Check Euclid foreclosures and distressed sales.

What This Means If You Are Buying

Move quickly, but do not assume you need to overbid. This is the unusual market where supply is tight and sellers still concede — the average closing lands about $1,137 under asking. Speed matters here far more than price aggression.

If you need square footage, start looking now rather than waiting. The larger homes are the ones going under contract, and the available inventory is 21% smaller on average than what is currently selling.

Inspect carefully. At this price point condition is the dominant variable in what you actually own, and the per-foot averages say nothing about mechanical systems, roofs or foundations.

What This Means If You Are Selling

Price accurately and you will sell faster than the closed data suggests — 58 days rather than 72. But do not expect scarcity to lift your price above asking; this market has not been doing that.

Anchor near $101 per square foot, which puts a 1,586-square-foot home around $160,000, and budget for a concession near $1,100. Both are normal outcomes here.

If your home is on the larger end, you are in the segment buyers are actively absorbing, and you should expect a shorter timeline than the citywide average implies.

How Euclid Compares Nearby

Buyers weighing Euclid routinely also look at Willowick, Wickliffe, South Euclid, Richmond Heights and Cleveland. Compare the underlying data at the Willowick, South Euclid and Cleveland market reports.

Frequently Asked Questions

What is the average home price in Euclid, Ohio?

Recent closed sales averaged $155,389 on homes of roughly 1,586 square feet with 3.1 bedrooms. That is about 45% below Ohio’s statewide median sale price of $285,000.

Is there a shortage of homes for sale in Euclid?

Yes. There are 73 homes actively for sale against 75 under contract — a ratio of 0.97, meaning slightly more homes are already spoken for than are available. That is among the tightest supply positions in Cuyahoga County.

If supply is so tight, why are Euclid homes still selling below asking?

Because demand here is constrained by affordability rather than by supply. Recent closings averaged 99.3% of list price, a concession of about $1,137. Buyers at this price point generally cannot bid above their budget, so scarcity produces speed rather than higher prices.

How fast do homes sell in Euclid?

Homes currently under contract reached agreement in 58 days, against 72 days for homes that already closed — a 14-day acceleration. Listings still available have been on the market an average of 77 days.

Are the homes for sale in Euclid smaller than the ones selling?

Noticeably. Active listings average 1,374 square feet against 1,736 for homes under contract — about 21% less house. Buyers are absorbing the larger homes and leaving the smaller ones on the market.

How much is the monthly payment on an average Euclid home?

At the August 2026 average sale price of $155,389, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $798 a month before taxes and insurance. At this price point taxes and insurance often exceed the loan payment, so budget the full figure.

Get a Personalized Euclid Market Analysis

A citywide average cannot tell you what your home is worth. A lakefront condo, a mid-century colonial and a smaller bungalow are three different markets sharing one city — each with its own per-foot rate, buyer pool and days-on-market reality.

Ready to make a move? Search all Euclid, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: Euclid Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Euclid

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Aug. 25, 2026

Dublin Ohio Real Estate Market Report – August 2026

Dublin homes going under contract right now took 53 days to get there. Dublin homes still sitting on the market have been listed an average of 132 days. That is a gap of nearly three months between what is selling and what is waiting, and it is the clearest evidence that Dublin real estate is currently operating as two separate markets that share a school district.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and how to tell which of the two markets you are actually in.

Dublin Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Dublin market area, spanning Franklin, Union and Delaware counties. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	164	107	652
Average List Price	$843,365	$581,515	$552,118
Average Sold Price	—	—	$552,981
Average Bedrooms	3.3	3.3	3.3
Average Bathrooms	3.3	3.3	3.2
Average Living Area	2,821 sq ft	2,591 sq ft	2,589 sq ft
Average Price per Sq Ft	$207	$226	$213
Average Days on Market	132	53	112

Source: Dublin Ohio Real Estate Market Report, live MLS data, August 2026.

The Core Market Is Moving Quickly

Start with the pending column, because it is the most current and by far the healthiest set of numbers on the page. Homes under contract average $581,515, 2,591 square feet, and 53 days to agreement.

Fifty-three days at this price point is genuinely fast. It is faster than the closed cohort managed at 112 days, which means the pace of the working market has roughly doubled over the past few months.

Those buyers are also paying the highest rate per square foot of any column — $226, against $213 for closed sales and $207 asked on active listings. In the segment where Dublin actually transacts, demand is strong and strengthening.

The Upper Tier Is Where the Time Is Accumulating

Now the active column. Average asking price $843,365, average size 2,821 square feet, average time on market 132 days.

That asking average sits $290,384 above the average closed sale. Part of that is size — active listings are about 9% larger — but 9% more house does not explain a 53% higher price. The active pool is simply weighted toward the top of the market.

And it is not moving. At 132 days, the typical available Dublin listing has been on the market since spring. Meanwhile the homes going under contract are $260,000 cheaper and clearing in under two months.

Reading the Per-Foot Inversion

One detail worth pausing on: active listings ask less per square foot ($207) than closed sales achieved ($213), which normally signals underpricing. Here it signals the opposite.

Very large homes almost always carry a lower price per square foot than mid-sized ones — the third garage bay and the bonus room do not command the same rate as the kitchen. So a lower per-foot figure on a much larger, much more expensive home is not a discount. It is what happens when the inventory shifts toward size the market is not currently rewarding.

The pending cohort paying $226 per foot on 2,591 square feet is the honest benchmark for what Dublin buyers value right now.

Sellers Who Price Correctly Get Full Price

Recent closings averaged $552,981 against an average list price of $552,118 — a sale-to-list ratio of 100.2%, or roughly $863 above asking.

That is a market with essentially no systematic discounting. Combined with everything above, the conclusion is specific: Dublin does not negotiate sellers down, it simply declines to transact with the ones who price beyond the market. The negotiation happens when you set the list price, not when an offer arrives.

Central Ohio Context and Mortgage Rates

The Columbus REALTORS® Central Ohio Housing Report for July 2026 put the regional median sales price at $350,000, up 2.3% year over year, on 3,083 closed sales, with 6,193 listings and a 2.4-month supply. Ohio REALTORS put the statewide median at $285,000. Dublin's $552,981 average runs well above both — the premium its schools, its corporate base and Bridge Park have long commanded.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, Dublin's average sale price works out to roughly $2,840 a month in principal and interest before taxes and insurance. At this price point a quarter-point rate move changes the payment by about $70 a month, which is part of why the upper tier has stalled while the core has not.

Dublin Market Breakdown by Property Type

Single-family homes. Effectively the whole market — 3.3 bedrooms and better than three baths across roughly 2,589 square feet. Start with homes for sale in Dublin, Ohio.
Condos and low-maintenance living. The courtyard and villa communities are the most accessible entry into Dublin schools and draw steady downsizer demand. Compare Dublin condos for sale.
New construction. A significant share of the 2,821-square-foot active average, and a large part of why the asking figures sit where they do. See new construction homes in Dublin.
Lots and land. Increasingly scarce inside the city, and priced accordingly. Browse Dublin lots and land.
Commercial property. Bridge Park, the Metro Center and the Frantz Road corridor trade on fundamentals unrelated to the residential figures above. Review Dublin commercial real estate.
Multi-family and investment. Scarce at this price point, which is exactly what makes the few available assets worth attention. See Dublin multi-family and investment property.
Distressed and below-market. Rare at this price point, though the long-sitting upper-tier inventory is where motivated sellers emerge. Check Dublin foreclosures and distressed sales.

Featured Dublin Neighborhoods

A citywide average of $213 per square foot spans communities that price very differently — the established neighborhoods near historic Dublin, the Ballantrae and Tartan Fields areas, and the newer developments along the western edge each follow their own curve. Neighborhood data is where the number that applies to you actually lives:

Ashleigh Village · Autumn Rose Woods · Avery Place · Ballantrae Woods · Bishops Crossing · Bishops Run · Braelinn Green · Bridge Park West · Brighton Park · Bristol Commons · Campden Lakes · Coffman Park · Cottages At Ballantrae Woods · Coventry Woods · Cramers Crossing · Dublin Village · Earlington Village · Estates At Scioto Crossing · Falls At Hayden Run · Gorden Farms

What This Means If You Are Buying

Establish which market you are shopping before you decide how to behave. Around $550,000 to $600,000, treat this as competitive — 53-day pending pace, full-price closings, and buyers paying $226 per foot. Come in clean and move.

Above roughly $800,000 the leverage flips entirely. Those listings average 132 days, and every one of those sellers has now watched a full spring and summer go by. Divide asking by square footage and compare it to $226, not to the other asking prices, and treat a four-month-old listing as a genuine negotiation.

Either way, do not use the $843,365 active average as your mental model of Dublin. The market is transacting at roughly $553,000.

What This Means If You Are Selling

If your home fits the core market, the data is firmly on your side. Anchor near $213 to $226 per square foot — a 2,589-square-foot home lands between $551,000 and $585,000 — expect full price, and plan on under two months.

If you are positioning above $800,000, read the active column as a warning rather than a comparison set. Those sellers average 132 days, and matching their asking prices means joining them. The pending cohort tops out well below that, and it is the honest description of what Dublin will bear right now.

The useful question is not what your home would fetch in a stronger year. It is what it is worth to the 107 buyers who are actually in contract this cycle.

How Dublin Compares Nearby

Buyers weighing Dublin routinely also look at Powell, Hilliard, Upper Arlington, Worthington and Plain City. Compare the underlying data at the Powell, Hilliard and Upper Arlington market reports.

Frequently Asked Questions

What is the average home price in Dublin, Ohio?

Recent closed sales averaged $552,981 on homes of roughly 2,589 square feet. That is nearly double Ohio’s statewide median of $285,000 and about 58% above the Central Ohio median of $350,000.

Why have Dublin listings been on the market so long?

Because the active pool is dominated by the upper tier. Active listings average 132 days on market and $843,365 in asking price, while homes actually going under contract average 53 days and $581,515. The long-sitting inventory is concentrated well above where the market is transacting.

Is Dublin a buyer’s or seller’s market?

It depends entirely on price point. In the core market around $550,000 to $600,000, homes reach contract in about 53 days and sellers collect essentially full price. Above roughly $800,000, listings are averaging over four months and buyers have real leverage.

Do Dublin sellers get their asking price?

Essentially yes. Recent closings averaged 100.2% of list price, about $863 above asking. Correctly priced homes transact at full price; the negotiation in Dublin happens at the listing-price decision, not across the table.

What is the price per square foot in Dublin, Ohio?

Recent closed sales averaged $213 per square foot. Homes currently under contract are paying $226 — the highest of the three columns — while active listings ask $207 on substantially larger homes. Buyers are paying a premium for right-sized homes and passing on oversized ones.

How much is the monthly payment on an average Dublin home?

At the August 2026 average sale price of $552,981, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $2,840 a month before taxes and insurance.

Get a Personalized Dublin Market Analysis

In a market this stratified, a citywide average is more likely to mislead you than help. A home in Ballantrae, a condo near historic Dublin and a newer build off Hyland-Croy are three separate markets sharing one school district — each with its own per-foot rate, buyer pool and days-on-market reality.

Ready to make a move? Search all Dublin, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Dublin Ohio Real Estate Market Report (live MLS data, August 2026); Columbus REALTORS® Central Ohio Housing Report, July 2026; Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Dublin

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Aug. 25, 2026

Lakewood Ohio Real Estate Market Report – August 2026

There are 66 homes for sale in Lakewood, and if you are shopping for a three-bedroom house, far fewer of them are relevant to you than that number suggests. The current inventory averages 2.4 bedrooms and 1,403 square feet. The homes that actually sold averaged 3.1 bedrooms and 1,766 square feet. Lakewood has plenty of listings and a genuine shortage of family-sized ones.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and why the headline listing count overstates real choice.

Lakewood Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Lakewood market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	66	41	190
Average List Price	$255,969	$307,407	$349,624
Average Sold Price	—	—	$355,376
Average Bedrooms	2.4	3.0	3.1
Average Bathrooms	1.8	2.0	2.1
Average Living Area	1,403 sq ft	1,714 sq ft	1,766 sq ft
Average Price per Sq Ft	$188	$186	$201
Average Days on Market	58	57	57

Source: Lakewood Ohio Real Estate Market Report, live MLS data, August 2026.

The Inventory Is Smaller Than What Sells

Read the bedroom row across: 2.4 available, 3.0 under contract, 3.1 sold. Then the square footage: 1,403 available, 1,714 under contract, 1,766 sold.

Both progressions run the same direction, and they say something specific. Lakewood's dense housing stock includes a large share of condos, doubles and smaller single-family homes, and those are what is sitting on the market. The three-bedroom houses that families actually buy are moving into contract and out of the inventory.

For a buyer this reframes the whole search. Sixty-six listings sounds like reasonable selection; sixty-six listings averaging under two and a half bedrooms is a very different market if you need three.

What That Does to the Price Columns

It also explains the strangest-looking numbers in the table. The average active listing asks $255,969 while the average sale closed at $355,376 — asking prices roughly $100,000 below recent sales.

That is not a collapsing market. It is a composition effect: the small units currently listed are cheaper than the larger houses that recently sold, and the averages are describing two different kinds of property.

Price per square foot cuts through it. Recent closings went for $201 per square foot against $188 asked on active listings — buyers paid a premium over the current asking rate, not a discount. In Lakewood, larger square footage carries its own premium, so the per-foot figures still understate the gap between what is available and what people want.

Sellers Are Finishing Above Asking

Recent closings averaged $355,376 against an average list price of $349,624 — a sale-to-list ratio of 101.6%, or roughly $5,752 above asking.

That competition concentrates where the shortage is. A well-presented three-bedroom home in Lakewood is competing for a buyer pool that has been watching a market full of one- and two-bedroom alternatives, and the result shows up in the closing price.

A Genuinely Stable Pace

Active listings average 58 days, homes under contract 57, closed sales 57. Three columns, one day of spread.

That is unusual and worth naming. In most markets these three figures diverge, and the direction of the divergence is the story. In Lakewood there is no divergence at all — the market is absorbing inventory at exactly the rate it did a few months ago. Neither accelerating nor slowing, just steady at about two months.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Lakewood's $355,376 average sale price runs roughly 25% above the state median — a premium the walkability, the lakefront parks and the housing stock have long commanded.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, Lakewood's average sale price works out to roughly $1,825 a month in principal and interest before taxes and insurance.

Lakewood Market Breakdown by Property Type

Single-family homes. What most buyers are after and what the market is shortest on — three-bedroom homes near 1,766 square feet. Start with homes for sale in Lakewood, Ohio.
Condos and low-maintenance living. A large share of the current inventory, and the reason the active averages skew small. Genuinely the most available option here. Compare Lakewood condos for sale.
New construction. Very limited in a fully built-out city, which is the structural reason larger homes stay scarce. See new construction homes in Lakewood.
Lots and land. Almost nonexistent inside the city limits. Browse Lakewood lots and land.
Commercial property. The Detroit Avenue and Madison Avenue corridors trade on fundamentals unrelated to the residential figures above. Review Lakewood commercial real estate.
Multi-family and investment. Lakewood's doubles and small apartment buildings are a deep, established investor market with strong rental demand. See Lakewood multi-family and investment property.
Distressed and below-market. Rare in a market closing above asking. Check Lakewood foreclosures and distressed sales.

What This Means If You Are Buying

Filter by bedrooms before you judge the market. The 66-listing headline is misleading for family buyers — run the search you actually need and see how many results survive. It will be a much smaller number, and that is the market you are really competing in.

If you need three bedrooms, be ready to move and to pay. Those homes are closing at 101.6% of asking and they are the ones drawing competition.

If a smaller home or condo genuinely works for you, the position reverses. That is where the current supply is concentrated, and where a patient buyer has the most leverage in Lakewood right now.

What This Means If You Are Selling

If you own a three-bedroom house, you are selling into a shortage. Price at the market — around $201 per square foot, roughly $355,000 for a 1,766-square-foot home — and let the scarcity work. The buyers looking at your listing have been scrolling past one-bedroom condos for weeks.

If you own a smaller unit, understand your competition. You are in the crowded part of this market, and presentation and pricing discipline matter considerably more. Anchoring to the citywide $355,376 average would be a serious mistake — that number describes larger homes than yours.

Plan on about two months either way. The pace here has been notably stable.

How Lakewood Compares Nearby

Buyers weighing Lakewood routinely also look at Rocky River, Fairview Park, Bay Village, Westlake and Cleveland. Compare the underlying data at the Rocky River, Cleveland and Westlake market reports.

Frequently Asked Questions

What is the average home price in Lakewood, Ohio?

Recent closed sales averaged $355,376 on homes of roughly 1,766 square feet with 3.1 bedrooms. That is about 25% above Ohio’s statewide median sale price of $285,000, and among the highest averages on Cleveland’s west side.

Why does Lakewood have fewer three-bedroom homes for sale than it looks?

Because the current inventory skews small. Active listings average 2.4 bedrooms and 1,403 square feet, while homes that actually sold averaged 3.1 bedrooms and 1,766 square feet. The 66-listing count includes a large share of condos and smaller units, so genuine family-sized selection is considerably thinner.

Do homes in Lakewood sell above asking price?

On average, yes. Recent closings averaged 101.6% of list price — about $5,752 above asking on the typical sale. Larger, family-sized homes are where that competition concentrates.

How long do homes take to sell in Lakewood?

Very consistently, about two months. Active listings average 58 days, homes under contract 57, and closed sales 57. All three figures sit within a day of each other, which describes a stable market rather than one that is speeding up or slowing down.

What is the price per square foot in Lakewood, Ohio?

Recent closed sales averaged $201 per square foot — notably higher than the $188 active listings ask and the $186 homes under contract are paying. That inversion reflects the size difference: the larger homes that sold command a premium the smaller current inventory does not.

How much is the monthly payment on an average Lakewood home?

At the August 2026 average sale price of $355,376, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,825 a month before taxes and insurance.

Get a Personalized Lakewood Market Analysis

In a market where the listed homes differ this much from the sold ones, a citywide average is especially likely to mislead. A double on the east end, a three-bedroom colonial near the parks and a condo on Clifton are three separate markets — each with its own per-foot rate, buyer pool and days-on-market reality.

Ready to make a move? Search all Lakewood, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: Lakewood Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Lakewood

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Aug. 25, 2026

Cuyahoga Falls Ohio Real Estate Market Report – August 2026

There are 53 homes for sale in Cuyahoga Falls. There are 61 under contract. In a city of nearly 51,000 people, the entire available inventory would fit on a single suburban street — and it is smaller than the pool of homes already spoken for. That scarcity is producing one of the largest above-asking premiums in Northeast Ohio: Cuyahoga Falls sellers are finishing about $4,937 over list.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and what a buyer has to do to win here.

Cuyahoga Falls Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Cuyahoga Falls market area in Summit County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	53	61	291
Average List Price	$297,211	$267,005	$238,463
Average Sold Price	—	—	$243,400
Average Bedrooms	3.1	3.2	3.0
Average Bathrooms	2.2	2.0	1.8
Average Living Area	1,976 sq ft	1,797 sq ft	1,582 sq ft
Average Price per Sq Ft	$170	$152	$158
Average Days on Market	41	38	50

Source: Cuyahoga Falls Ohio Real Estate Market Report, live MLS data, August 2026.

More Homes Under Contract Than Available

The active-to-pending ratio here is 0.87. A balanced market runs between 1.5 and 2.0. Cuyahoga Falls has less than one available home for every one going to a buyer.

The practical consequence is that there is no reserve inventory. When a buyer loses out on a house, there is not a comparable alternative waiting — there are 53 listings total across every price point, size and condition in the entire city. That is what turns ordinary demand into competing offers.

291 homes have closed in this market area over the reporting period, so this is not a market where nothing trades. Homes are moving through quickly; supply simply is not being replaced at the same rate.

The Largest Above-Asking Premium in the Region

Recent closings averaged $243,400 against an average list price of $238,463 — a sale-to-list ratio of 102.1%, roughly $4,937 above asking.

For comparison, Parma is at 101.6%, Canton 101.2% and Akron 99.9%. Cuyahoga Falls tops all of them. Above 102% across 291 transactions is not a handful of bidding wars skewing an average — it is the ordinary outcome.

If you are writing an offer here, the working assumption should be that list price is a floor rather than a ceiling.

Plan for the Appraisal Gap

When a market closes consistently above list, some contracts land above what the appraiser will support. The lender finances against appraised value, not contract price, so the buyer covers the difference in cash or the deal renegotiates.

At 102.1%, this is a structural feature of the Cuyahoga Falls market rather than an occasional surprise. Decide with your lender, before you write, exactly how many dollars of appraisal gap you can cover — and put that figure in the offer. Sellers comparing competing offers weigh it heavily, and buyers who have not thought it through lose houses to buyers who have.

Fast and Getting Faster

Homes under contract reached agreement in 38 days. Active listings have been available 41 days. Homes that closed took 50.

Both current-state numbers sit well below the closed figure, which means the pace picked up over the summer rather than easing. In a market with 53 listings and a 38-day pending pace, the practical decision window on a desirable home is measured in days, not weeks.

The Asking-Price Gap Is Size, Not Overpricing

The average active listing asks $297,211 while the average sale closed at $243,400 — a gap of nearly $54,000 that could easily be misread as sellers overreaching.

Active listings average 1,976 square feet against 1,582 for recent closings, about 25% more house. The current inventory skews substantially larger than what has been selling, and that alone accounts for most of the difference. Per square foot, active listings ask $170 against $158 paid — a real premium worth negotiating, but a fraction of what the raw prices suggest.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Cuyahoga Falls' $243,400 average runs about 15% below the state median while carrying some of the tightest supply in Ohio — an unusual and difficult combination for buyers.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,250 a month in principal and interest before taxes and insurance — and build the above-asking premium into that math up front.

Cuyahoga Falls Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,582 square feet. Start with homes for sale in Cuyahoga Falls, Ohio.
Condos and low-maintenance living. With only 53 detached-and-attached listings citywide, condos are a genuinely important alternative here. Compare Cuyahoga Falls condos for sale.
New construction. Limited by land availability, which is a structural reason supply stays this tight. See new construction homes in Cuyahoga Falls.
Lots and land. Genuinely scarce inside the city and priced accordingly. Browse Cuyahoga Falls lots and land.
Commercial property. Front Street and the Portage Trail corridor trade on fundamentals unrelated to the residential figures above. Review Cuyahoga Falls commercial real estate.
Multi-family and investment. Tight for-sale supply and proximity to Akron keep rental demand durable. See Cuyahoga Falls multi-family and investment property.
Distressed and below-market. Nearly absent in a market closing above asking, which makes any that surface worth immediate attention. Check Cuyahoga Falls foreclosures and distressed sales.

Featured Cuyahoga Falls Neighborhoods

A citywide average of $158 per square foot spans neighborhoods with very different housing stock — from the older streets near the river gorge to the newer developments on the northern edge. Neighborhood data is where the number that applies to your home actually lives:

Adams Run · Akron Gardens · Bailey Britt Acres · Blossom Glen · Bonnie Dell Acres · Brodbeck Park · Brookpoint Village · Brooks Heights · Camden Knolls · Chapel Dale Condo Estates · Chestnut View · City Farms · Cross Creek · Cuya Manor · Cuyahoga Manor · Cuyahoga River Estates · Cuyahoga View Estates · Cuyahoga View Hgts · Dickerson Run · Duncan Park

What This Means If You Are Buying

Be fully prepared before you tour. Underwritten financing, a decided appraisal-gap number, and the ability to see a home the day it lists are the three things that separate winning buyers from frustrated ones in a 0.87-ratio market.

Expect to pay over list. The average is 102.1%, so an offer at asking is a below-average offer. Decide in advance what a specific house is worth to you rather than negotiating against the list price.

Watch the larger listings for opportunity. The active pool skews 25% bigger than what has been selling and carries a per-foot premium — those are the homes where there is genuine room to negotiate, if the size suits you.

What This Means If You Are Selling

You are in the strongest position in the region. The way to capitalize is still to price at the market rather than above it — a 102.1% result comes from correct pricing generating multiple offers, not from an aggressive list price.

Anchor near $158 per square foot, which puts a 1,582-square-foot home around $250,000, and let competing buyers do the rest. Pricing toward the $170 the active pool asks pushes you into the slower, larger-home segment and forfeits the bidding dynamic.

Prepare thoroughly and launch properly. With a 38-day pending pace, the first week carries most of your leverage.

How Cuyahoga Falls Compares Nearby

Buyers weighing Cuyahoga Falls routinely also look at Stow, Munroe Falls, Tallmadge, Hudson and Akron. Compare the underlying data at the Akron, Stow and Tallmadge market reports.

Frequently Asked Questions

Is Cuyahoga Falls a seller’s market?

It is the strongest seller’s market in Summit County right now. There are 53 homes actively for sale against 61 under contract — a ratio of 0.87, meaning more homes are already spoken for than are available to buy. Recent closings averaged 102.1% of asking.

What is the average home price in Cuyahoga Falls, Ohio?

Recent closed sales averaged $243,400 on homes of roughly 1,582 square feet with 3 bedrooms. That is about 15% below Ohio’s statewide median sale price of $285,000.

Do homes in Cuyahoga Falls sell above asking price?

Frequently. Recent closings averaged 102.1% of list price, which works out to roughly $4,937 above asking on the typical sale — one of the largest above-asking premiums we track in Northeast Ohio.

How fast do homes sell in Cuyahoga Falls?

Very fast. Homes currently under contract reached agreement in 38 days and listings still available have been on the market an average of 41 days, against 50 days for homes that already closed. The market is accelerating.

Why is the average asking price higher than the average sale price here?

Size. Active listings average 1,976 square feet against 1,582 for recent closings — about 25% more house. The homes currently on the market are simply larger than those that recently changed hands, which lifts the asking average.

How much is the monthly payment on an average Cuyahoga Falls home?

At the August 2026 average sale price of $243,400, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,250 a month before taxes and insurance. Budget an appraisal gap on top, since homes here regularly close above list.

Get a Personalized Cuyahoga Falls Market Analysis

A citywide average cannot tell you what your home is worth, and in a market closing 2% above asking it is likely to understate it. Ready to make a move? Search all Cuyahoga Falls, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Cuyahoga Falls Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Cuyahoga Falls

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Aug. 25, 2026

Elyria Ohio Real Estate Market Report – August 2026

Elyria homes on the market right now are asking $127 per square foot. Homes that recently sold went for $135. Homes currently under contract are at $138. Read those in order — the asking price is the lowest number of the three. Today's Elyria inventory is priced below what buyers have been paying, and that is a rare and short-lived condition.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and what it means on either side of the transaction.

Elyria Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Elyria market area in Lorain County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	80	72	297
Average List Price	$193,111	$221,532	$213,013
Average Sold Price	—	—	$213,679
Average Bedrooms	3.1	3.0	3.1
Average Bathrooms	1.7	2.0	1.9
Average Living Area	1,758 sq ft	1,742 sq ft	1,623 sq ft
Average Price per Sq Ft	$127	$138	$135
Average Days on Market	56	54	69

Source: Elyria Ohio Real Estate Market Report, live MLS data, August 2026.

Asking Prices Are Below Market

In most markets the active pool asks a premium and buyers negotiate down toward the real number. Elyria has inverted that. The $127 per square foot currently being asked sits about 6% below the $135 recent buyers actually paid, and about 8% below the $138 buyers under contract are paying now.

What that means practically is that a well-located Elyria listing priced at the asking average is not a starting point for negotiation — it is already a discount to where comparable homes have been closing.

The active listings are also slightly larger, at 1,758 square feet against 1,623 for recent closings, which makes the underpricing more pronounced rather than less. More house, lower rate per foot.

Only 1.11 Listings per Home Under Contract

Eighty homes are available. Seventy-two are already under contract. That ratio of 1.11 is among the tightest in Ohio and it is the mechanism behind everything above.

A balanced market runs 1.5 to 2.0. At 1.11, essentially every available home has a buyer waiting somewhere in the pipeline, and there is no accumulated backlog of leftover inventory for a buyer to fall back on. Underpriced listings in a market this thin do not stay available long enough to correct.

297 homes have closed in this market area over the reporting period, so the demand is sustained rather than a brief squeeze.

The Market Is Accelerating Sharply

Homes under contract reached agreement in 54 days. Homes that closed took 69. That fifteen-day improvement — roughly 22% faster — is among the sharpest accelerations in the region this cycle.

Active listings sit at 56 days, close to the pending figure and well under the closed figure. Inventory is turning over rather than accumulating, which is the healthy version of a fast market.

Sellers Are Getting Slightly More Than They Ask

Recent closings averaged $213,679 against an average list price of $213,013 — a sale-to-list ratio of 100.3%, or about $666 above asking.

That margin is thin, and on its own it would read as a merely balanced market. Read alongside the per-foot data it says something sharper: sellers are getting full price and the homes currently listed are asking less per foot than the market bears. Sellers who price to the per-foot evidence rather than to their neighbor's list price have room they are not using.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Elyria's $213,679 average sale price runs roughly 25% below the state median — a county seat with highway access to both Cleveland and the lakeshore at a price neither offers.

Elyria Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,623 square feet. Start with homes for sale in Elyria, Ohio.
Condos and low-maintenance living. A useful entry point in a market with only 80 active listings. Compare Elyria condos for sale.
New construction. Limited locally and priced above the citywide resale rate. See new construction homes in Elyria.
Lots and land. Available around the city's edges and a genuine option when resale inventory is this thin. Browse Elyria lots and land.
Commercial property. The downtown square and the Midway corridor trade on fundamentals unrelated to the residential figures above. Review Elyria commercial real estate.
Multi-family and investment. Steady rental demand and attainable entry prices make this a working investor market. See Elyria multi-family and investment property.
Distressed and below-market. Scarce in a market this tight, which makes any that surface worth immediate attention. Check Elyria foreclosures and distressed sales.

Featured Elyria Neighborhoods

A citywide average of $135 per square foot spans neighborhoods with very different housing stock and price trajectories. Neighborhood data is where the number that applies to your home actually lives:

Abbe Glen · Abbe Knolls · Acre Farms · Albrecht Estates · Auditor Fairwood Estates · Avondale Park · Bedford Estates · Bentley Woods · Birmingham Park Add · Brandemere Estates · Briar Lake · Brookside Farms · Carlisle Estates · Chateau Estates · Chatham Terrace · Cherry Ridge Condos · Chestnut Manor · City Farms · Clear View · College Green

What This Means If You Are Buying

Move quickly and do not anchor on the asking price as a ceiling to negotiate down from. With active listings priced below the closing rate per foot and only 80 homes available, the well-positioned ones are competitive from the day they list.

Do the per-foot math on everything. Divide asking price by square footage: anything meaningfully below $135 in a neighborhood you want is priced under where the market has been transacting, and in a 1.11-ratio market that will not go unnoticed for long.

Have financing fully underwritten before you tour. A 54-day pending pace and single-digit effective selection mean the decision window is short.

What This Means If You Are Selling

You may be leaving money on the table if you price against the other listings. The active pool is asking $127 per square foot; buyers are paying $135 and contracting at $138. Pricing against your competition rather than against actual closings is exactly how that gap persists.

Anchor near $135 per square foot — roughly $219,000 for a 1,623-square-foot home — and let the pending data support the upper end. The 100.3% sale-to-list ratio says accurate pricing gets paid in full here.

Expect a fast process. Homes are reaching contract in 54 days and the trend is improving, so plan your move-out timeline accordingly rather than assuming a long marketing period.

How Elyria Compares Nearby

Buyers weighing Elyria routinely also look at Lorain, Amherst, North Ridgeville, Avon and Grafton. Compare the underlying data at the Lorain, North Ridgeville and Amherst market reports.

Frequently Asked Questions

Are homes in Elyria, Ohio priced below what they are selling for?

On a per-square-foot basis, yes. Active listings ask $127 per square foot while recent closings averaged $135 and homes currently under contract are at $138. Today’s inventory is priced roughly 6% under what the market has actually been paying.

What is the average home price in Elyria, Ohio?

Recent closed sales averaged $213,679 on homes of roughly 1,623 square feet with 3.1 bedrooms. That is about 25% below Ohio’s statewide median sale price of $285,000.

Is the Elyria housing market getting faster?

Yes. Homes currently under contract reached agreement in 54 days, while homes that already closed took 69. That 15-day improvement is one of the sharpest accelerations in Northeast Ohio this cycle.

Is Elyria a seller’s market?

Strongly. There are only 80 homes for sale against 72 under contract — a ratio of 1.11, far below the 1.5 to 2.0 range that indicates balance. Recent closings also came in slightly above asking at 100.3%.

Do Elyria homes sell above asking price?

On average, marginally. Recent closings averaged 100.3% of list price, about $666 above asking. The more telling number is the per-square-foot data, which shows buyers paying well above what current listings are asking.

How much is the monthly payment on an average Elyria home?

At the August 2026 average sale price of $213,679, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,097 a month before taxes and insurance.

Get a Personalized Elyria Market Analysis

A citywide average cannot tell you what your home is worth — and in a market where listings are priced below recent sales, an automated valuation is especially likely to understate it. Ready to make a move? Search all Elyria, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Elyria Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Elyria

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Navigating Real Estate in Ohio: A Comprehensive Guide

Ohio Real Estate Overview

Market Trends

Investment Opportunities

Buying and Selling Tips

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Month 1: The Complaint Is Filed and Served

Months 2 Through 8: Getting to Judgment

After Judgment: The Appraisal Sets the Floor

The Notice Window: Three Weeks, and Seven Days

The Deadline That Actually Matters

After Confirmation: Deficiency, Surplus, and Credit

What the Timeline Means Practically

Frequently Asked Questions

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Is Ohio a judicial or non-judicial foreclosure state?

Can I stop an Ohio foreclosure after the sheriff's sale?

Does filing bankruptcy stop an Ohio foreclosure?

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Strongsville Ohio Market Snapshot – August 2026

More Homes Under Contract Than Available

The Pace Has Jumped

Buyers Are Contracting for Larger Homes

Sellers Are Finishing Above Asking

Ohio Context and Mortgage Rates

Strongsville Market Breakdown by Property Type

What This Means If You Are Buying

What This Means If You Are Selling

How Strongsville Compares Nearby

Frequently Asked Questions

What is the average home price in Strongsville, Ohio?

Is Strongsville a seller’s market?

How fast do homes sell in Strongsville?

Are buyers in Strongsville getting more house for their money right now?

What is the price per square foot in Strongsville, Ohio?

How much is the monthly payment on an average Strongsville home?

Get a Personalized Strongsville Market Analysis

Mentor Ohio Market Snapshot – August 2026

A Market That Does Exactly What It Says

Supply Is Tight, and It Shows Up as Speed

The Asking-Price Gap Is Size

What Predictability Is Worth