New - 20 hours on Rocket
$3,266 Closing Credit¹
Christopher A Frederick, Listing Office: Coldwell Banker Schmidt Realty
Seven Hills Housing Market Report December 2024•Cuyahoga County, Ohio
Housing Prices in Seven Hills, OH
How much do homes in Seven Hills, OH cost?
Housing Market Conditions
Is Seven Hills, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Seven Hills is a Seller's Market
Difference Since December 2023
Since last year, Seven Hills has remained a Seller's Market.
Insight
Seven Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$311,000$138/SqFt
+$36,250
+13.2%
Based on all homes sold in the last 12 months
Insight
Homes in Seven Hills have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Seven Hills was $311,000 in December 2024, up 13.2% from last year, and the median price per square foot was $138.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Seven Hills | $274.7K | $311K | +13.2% |
| Independence | $307.5K | $325K | +5.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 44 Bedrooms | $311K | $333.5K | +7.2% |
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $192.5K | $236K | +22.6% |
| 33 Bedrooms | $265.7K | $300K | +12.9% |
| 55+ Bedrooms | $307.5K | $357.4K | +16.2% |
Summary: Seven Hills housing price by bedroom type for December 2024, compared to the previous year. The home price for 4 bedroom homes increased by +7.2%. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +22.6%. The home price for 3 bedroom homes increased by +12.9%. The home price for 5 bedroom homes increased by +16.2%.
Housing supply in Seven Hills, OH
How many homes are available in Seven Hills, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthDec 2024 | ||
| 342 months agoNov 2024 | -26.5 % Change MoMNov – Dec |
Summary: The Seven Hills real estate market had 25 homes for sale in Dec 2024, a 26.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthDec 2024 | ||
| 172 months agoNov 2024 | -64.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 44 Bedrooms | 8 | 6 | -25.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 1 | -50.0% |
| 33 Bedrooms | 20 | 15 | -25.0% |
| 55+ Bedrooms | 4 | 3 | -25.0% |
Summary: Seven Hills housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Seven Hills, OH cost?
Over Asking Price4 Homes
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Seven Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Seven Hills in December 2024, down by 64.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and and 67% were sold over asking.
Days on Market for Seven Hills, OH
How long does it take to sell a home in Seven Hills, OH?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days0 Home
Over 90 Days2 Homes
Insight
Many homes in Seven Hills are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Seven Hills; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 50 DaysThis YearDec 2024 | ||
| 34 Days1 year agoDec 2023 | +44.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Seven Hills had an average listing age of 50 days in Dec 2024, up by 44.9% compared to the previous year.
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Newest Listings in Seven Hills, OH
What homes are available in Seven Hills, OH?
New - 1 day on Rocket
$3,241 Closing Credit¹
James Lentz, Listing Office: Lentz Associates, Inc.
$4,275 Closing Credit¹
Stanley R Centa, Listing Office: HomeSmart Real Estate Momentum LLC
$3,503 Closing Credit¹
Michael Delmore, Listing Office: RE/MAX Above & Beyond
$3,444 Closing Credit¹
Stefanie Seese, Listing Office: McDowell Homes Real Estate Services
$3,301 Closing Credit¹
James R Gable, Listing Office: Keller Williams Greater Metropolitan
$3,204 Closing Credit¹
Marian Lukach, Listing Office: Keller Williams Greater Metropolitan
$3,266 Closing Credit¹
Libbie Tenaglia, Listing Office: Russell Real Estate Services
Backup offers
$3,087 Closing Credit¹
Kelly T Swenk, Listing Office: NextHome Experts
$5,166 Closing Credit¹
Mike Mendoza, Listing Office: FASS Management Real Estate Services LLC
Backup offers
$5,641 Closing Credit¹
Jamie J Woelfl, Listing Office: Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Nearby markets
Nearby markets aren't available for Seven Hills, OH
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 01/01/2023 - 01/01/2025
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: 1/18/2025, 5:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.