Is Wickliffe, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wickliffe has remained a Seller's Market.
Housing Prices in Wickliffe, OH
How much do homes in Wickliffe, OH cost?
Median Sold Price
$185,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wickliffe was $185,000 in May 2024, up 9.8% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $70K | $133K | +90.0% |
3 Bedrooms | $174K | $184.9K | +6.3% |
4 Bedrooms | $180K | $199.9K | +11.1% |
5+ Bedrooms | $207.5K | $260K | +25.3% |
Summary: Wickliffe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Willoughby Hills | $265K | $326K | +23.0% |
Wickliffe | $168.5K | $185K | +9.8% |
Willowick | $175K | $183.5K | +4.9% |
Willoughby | $245K | $238K | -2.9% |
Housing Supply in Wickliffe, OH
How many homes are available in Wickliffe, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 45 | -6.3% |
Summary: The Wickliffe real estate market had 45 homes for sale in May 2024, a 6.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wickliffe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Wickliffe in May 2024, down by 38.9% month-over-month. Of the 11 sold homes, 9% were sold under asking, 36% were sold at asking, and 55% were sold over asking.
Days on Market for Wickliffe, OH
How long does it take to sell a home in Wickliffe, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 36 Days | +366.4% |
Summary: Homes in Wickliffe had an average of 36 days on market in May 2024, up by 366.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Wickliffe; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.