Home Values

North Olmsted Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$133,200

  • 0.2% 1-year change
  • 1.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in North Olmsted is $133,200. North Olmsted home values have gone up 0.2% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in North Olmsted is None.

Foreclosures will be a factor impacting home values in the next several years. In North Olmsted 2.6 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 5.2 and also lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in North Olmsted is 6.7%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of North Olmsted homeowners underwater on their mortgage is 14.5%, which is lower than Cleveland Metro at 21.4%.

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Relative ZHVI
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North Olmsted Market Overview

Data through Mar 31, 2015
  • $133,200 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $133,975 Median sale price (Feb 28, 2015)
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North Olmsted Market Health

Data through Mar 31, 2015
  • 0.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 14.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.6 homes North Olmsted
5.2 homes Cleveland Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Avon $239,500
Westlake $215,300
Rocky River $202,900
Name Median ZHVI
Bay Village $193,700
Olmsted Falls $144,500
North Ridgeville $143,700
Name Median ZHVI
Fairview Park $130,400
Berea $113,000
Brook Park $98,100

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $79 Median sale price / sq ft
  • No data Listings with price cut
33.4%
Sold below listing
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North Olmsted Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,232 North Olmsted
    $1,164 Cleveland Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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