Cuyahoga County home prices continue its steady rise as the summer market nears

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County median home prices had its second increase this year.

April was $177,500. This was an $13,600 from March, which saw home prices at $163,900. So far, the largest increase was between January and February, which was $15,000.

April 2023 median home price was $175,000, which was a $21,000 increase from March. The second largest increase that year behind the increase between May and June, which saw a $23,000. Prices typically fall during the winter months and increase each spring. Last year’s peak came in June at $193,000. Experts noted that the 2024 market will be great for buyers and sellers, adding that Ohio home prices will continue to rise until the supply-demand dynamic changes. And while the mortgage rate plummeted earlier this year, it may encourage those who refused to sell because of mortgage rate lock may feel more comfortable selling.If you purchase a product or register for an account through a link on our site, we may receive compensation.

 

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