18 hours on RocketBackup offers
$4,155 Closing Credit¹
#5118223, Erin L Lopez, Listing Office: HomeSmart Real Estate Momentum LLC
Painesville Housing Market Report April 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 April 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
$218,475$135/SqFt
+$22,225
+11.3%
Based on all homes sold in the last 12 months
Insight
Homes in Painesville have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Painesville was $218,475 in April 2025, up 11.3% from last year, and the median price per square foot was $135.
Median Sold Price By Cities
| City | Apr 2024 | Apr 2025 | Change YoY |
|---|---|---|---|
| Painesville | $196.2K | $218.4K | +11.3% |
| Fairport Harbor | $180K | $200K | +11.1% |
| Painesville Township | $199.8K | $217.9K | +9.1% |
| Concord Township | $321.2K | $335.3K | +4.4% |
Median Sold Price By Bedrooms
| Beds | Apr 2024 | Apr 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $127.5K | $125.5K | -1.6% |
| 22 Bedrooms | $125K | $155K | +24.0% |
| 33 Bedrooms | $195.3K | $212.3K | +8.7% |
| 44 Bedrooms | $301.4K | $345K | +14.4% |
| 55+ Bedrooms | $300K | $267.5K | -10.8% |
Summary: Painesville housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.6%. The home price for 2 bedroom homes increased by +24.0%. The home price for 3 bedroom homes increased by +8.7%. The home price for 4 bedroom homes increased by +14.4%. The home price for 5 bedroom homes decreased by -10.8%.
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 |
|---|---|---|
| 124Last MonthApr 2025 | ||
| 1202 months agoMar 2025 | +3.3 % Change MoMMar – Apr |
Summary: The Painesville real estate market had 124 homes for sale in Apr 2025, a 3.3 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthApr 2025 | ||
| 372 months agoMar 2025 | +5.4 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 14 | 14 | 0.0% |
| 33 Bedrooms | 73 | 73 | 0.0% |
| 44 Bedrooms | 27 | 30 | +11.1% |
| 55+ Bedrooms | 6 | 7 | +16.7% |
Summary: Painesville housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +16.7%.
Asking Price vs. Sold Price
How much do homes in Painesville, OH cost?
Over Asking Price11 Homes
At Asking Price8 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in Painesville, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Painesville in April 2025, up by 5.4% month-over-month. Of the 39 sold homes, 51% were sold under asking, 21% were sold at asking, and and 28% 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 Days18 Homes
30 – 90 Days16 Homes
Over 90 Days5 Homes
Insight
Many homes in Painesville are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 39 homes were sold in Painesville; 46% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 56 DaysThis YearApr 2025 | ||
| 50 Days1 year agoApr 2024 | +11.1 % Change YoYApr 2024 – Apr 2025 |
Summary: Homes in Painesville had an average listing age of 56 days in Apr 2025, up by 11.1% 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
$2,316 Closing Credit¹
#5118795, Aaron Harden, Listing Office: HomeSmart Real Estate Momentum LLC
1 day on Rocket
$2,672 Closing Credit¹
#5118621, Anthony Alimo, Listing Office: Keller Williams Greater Cleveland Northeast
1 day on Rocket
$1,424 Closing Credit¹
#5117255, Inna M Muravin, Listing Office: Engel & Völkers Distinct
1 day on Rocket
$4,333 Closing Credit¹
#5118685, Denise M Zervos, Listing Office: Platinum Real Estate
2 days on Rocket
$3,561 Closing Credit¹
#5117584, Steve K Forsythe, Listing Office: Platinum Real Estate
3 days on Rocket
$3,502 Closing Credit¹
#5117441, Bianca R Bicaci, Listing Office: Liberty Realty Sells For 1% and More
3 days on Rocket
$4,453 Closing Credit¹
#5117596, Anne Marie Harden, Listing Office: HomeSmart Real Estate Momentum LLC
3 days on Rocket
$3,443 Closing Credit¹
#5117984, Claire Jazbec, Listing Office: Keller Williams Greater Cleveland Northeast
7 days on Rocket
$2,613 Closing Credit¹
#5117383, Dan Padovic, Listing Office: McDowell Homes Real Estate Services
7 days on RocketBackup offers
$2,611 Closing Credit¹
#5112530, Darren W Burke, Listing Office: Keller Williams Greater Cleveland Northeast
7 days on RocketBackup offers
$4,749 Closing Credit¹
#5113690, Anthony R Latina, Listing Office: RE/MAX Crossroads Properties
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 05/01/2023 - 05/01/2025
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: 5/2/2025, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.