12 hours on Rocket
$1,484 Closing Credit¹
#5113035, Denise A Quiggle, Listing Office: McDowell Homes Real Estate Services
Painesville Housing Market Report March 2025•Lake County, Ohio
Housing Prices in Painesville, OH
How much do homes in Painesville, OH cost?
Housing Market Conditions
Is Painesville, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Painesville is a Seller's Market
Difference Since March 2024
Since last year, Painesville has remained a Seller's Market.
Insight
Painesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$215,000$134/SqFt
+$20,000
+10.3%
Based on all homes sold in the last 12 months
Insight
Homes in Painesville have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Painesville was $215,000 in March 2025, up 10.3% from last year, and the median price per square foot was $134.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Painesville | $195K | $215K | +10.3% |
| Concord Township | $313.5K | $340K | +8.5% |
| Painesville Township | $199.6K | $215K | +7.7% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $126K | N/A |
| 22 Bedrooms | $125K | $160K | +28.0% |
| 33 Bedrooms | $198K | $210.6K | +6.4% |
| 44 Bedrooms | $299K | $345K | +15.4% |
| 55+ Bedrooms | $300.5K | $239K | -20.5% |
Summary: Painesville housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +28.0%. The home price for 3 bedroom homes increased by +6.4%. The home price for 4 bedroom homes increased by +15.4%. The home price for 5 bedroom homes decreased by -20.5%.
How does Painesville, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Painesville, OH
Housing supply in Painesville, OH
How many homes are available in Painesville, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 119Last MonthMar 2025 | ||
| 1012 months agoFeb 2025 | +17.8 % Change MoMFeb – Mar |
Summary: The Painesville real estate market had 119 homes for sale in Mar 2025, a 17.8 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthMar 2025 | ||
| 252 months agoFeb 2025 | +44.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 15 | 14 | -6.7% |
| 33 Bedrooms | 59 | 69 | +16.9% |
| 44 Bedrooms | 23 | 30 | +30.4% |
| 55+ Bedrooms | 4 | 6 | +50.0% |
Summary: Painesville housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -6.7%. The inventory for 3 bedroom homes increased by +16.9%. The inventory for 4 bedroom homes increased by +30.4%. The inventory for 5 bedroom homes increased by +50.0%.
Asking Price vs. Sold Price
How much do homes in Painesville, OH cost?
Over Asking Price14 Homes
At Asking Price8 Homes
Under Asking Price14 Homes
Insight
If you're buying a home in Painesville, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Painesville in March 2025, up by 44.0% month-over-month. Of the 36 sold homes, 39% were sold under asking, 22% were sold at asking, and and 39% were sold over asking.
Days on Market for Painesville, OH
How long does it take to sell a home in Painesville, OH?
Breakdown of Home Sale Times
Under 30 Days16 Homes
30 – 90 Days15 Homes
Over 90 Days5 Homes
Insight
Many homes in Painesville are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 36 homes were sold in Painesville; 44% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 43 DaysThis YearMar 2025 | ||
| 43 Days1 year agoMar 2024 | +1.3 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Painesville had an average listing age of 43 days in Mar 2025, up by 1.3% compared to the previous year.
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Newest Listings in Painesville, OH
What homes are available in Painesville, OH?
1 day on Rocket
$2,314 Closing Credit¹
#5112798, Kathleen M Cotter, Listing Office: Falvey Realty
1 day on Rocket
$6,530 Closing Credit¹
#5112574, Michael Kaim, Listing Office: Real of Ohio
1 day on Rocket
$2,671 Closing Credit¹
#5112502, Asa A Cox, Listing Office: CENTURY 21 Asa Cox Homes
2 days on Rocket
$2,552 Closing Credit¹
#5111942, William A Bissett, Listing Office: HomeSmart Real Estate Momentum LLC
3 days on Rocket
$2,672 Closing Credit¹
#5112051, Jose L Razo Reynoso, Listing Office: HomeSmart Real Estate Momentum LLC
4 days on Rocket
$4,275 Closing Credit¹
#5110978, Kevin Wasie, Listing Office: Exactly
5 days on Rocket
$5,580 Closing Credit¹
#5111912, Michael Kaim, Listing Office: Real of Ohio
6 days on Rocket
#5110949, Christine Jarrell, Listing Office: All Access Realty
6 days on Rocket
$1,538 Closing Credit¹
#5111459, David Huntington, Listing Office: RE/MAX Results
6 days on Rocket
$5,344 Closing Credit¹
#5110999, Kimberly C Yanoscsik, Listing Office: Kimberly's Realty Corp
7 days on Rocket
$3,028 Closing Credit¹
#5110988, Tammy Whitely, Listing Office: Keller Williams Greater Cleveland Northeast
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 2:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.