Cleveland Real Estate News

I have two listing appointments coming up tomorrow, so I did an analysis of the market now and over the last six months in these areas.  The stats deal with single family homes only and are homes listed with area brokerages.

Zip Code 44111:    There are 214 homes for sale in this zip code as of today. The average listing price for those homes is $110,388 and $72 a square foot.

There has been recent sale activity — a good thing, yes? 48 homes are pending sale and waiting for title to transfer. So what price range of home appealed to recent buyers? The average listing price for these 48 homes is $46,702  or $37 a square foot. (Do you notice the big difference between the listing price of homes still for sale and the ones now under contract? I bet you do).

Within the past six months there have been 151 homes sold. All but about ten of these 151 homes sold for less than $50,000. The average sale price for these sold homes was $38,206 or $30 a square foot. 

Zip Code 44135:   There are 198 homes for sale in this zip code as of today. The average listing price of these 198 homes is $89,715 or $79 a square foot.

The number of homes more recently put under contract and awaiting title transfer to new owners, is 52 homes pending sale. We don’t know the final sale price on pending sales, but the average listing price for these 52 homes was $46,702 or $37 a square foot.

131 homes have sold in the last six months in this zip code. Most sold for less than $60,000 but about 20 of the homes sold for a bit more. The average sale price is a bit higher than zip code 44111. It was $49,763 or $44 a square foot.

Peace Out – 3C