Lake County, OH Home Values & Market Trends
The median home price in Lake County, OH is $221,221.23. There were 4,661 home sales in Lake County, OH over the past 12 months. The median residential Lake County, OH home value for transactions over the previous year is $161,810.868. The number of current listings in Lake County, OH is 41, and the percentage of properties for sale is 41.00%. The county has 308 foreclosures, 19 bank owned properties, 45 headed for auction, and 41 properties for sale.
Lake County, OH Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Mentor | $ 265,023 $ 168/sqft | Wickliffe | $ 188,345 $ 148/sqft |
| Painesville | $ 224,500 $ 130/sqft | Perry | $ 225,099 $ 134/sqft |
| Madison | $ 198,919 $ 106/sqft | Eastlake | $ 218,333 $ 124/sqft |
| Willoughby | $ 162,000 $ 181/sqft | Grand River | $ -- $ -- |
Housing Market Summary for Lake County, OH
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $189K | $217.5K | 15.08% |
| Median Sold Price | $194.2K | $217.5K | 11.99% |
| Homes For Sale | 53 | 42 | -20.75% |
| Homes Sold | 2,875 | 2,861 | -0.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Lake County, OH
Lake County, OH home values range from $20,390 to $5,288,792. Perry is the priciest city with a median listing home price of $292,950, and Madison is most affordable with average house prices of around $138,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.28% of all residential properties in Lake County, OH with Painesville containing 55 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Lake County, OH; of those cities, the estimated home value for pre-foreclosure homes ranges from $564,500 in Perry to the lowest home value of $44,592 in Painesville.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake County, OH ranges from the highest value of $219,862 in Wickliffe to the lowest value of $61,333 in Painesville. Bank owned homes and properties account for 0.02% of properties in Lake County, OH. There are 8 cities within Lake County, OH; Painesville containing 5 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMentor has 11 auction properties, the highest number of properties going to auction in a single city in the state of Lake County, OH. Auction homes and other auction properties account for 0.05% of all properties in Lake County, OH. There are 8 cities within Lake County, OH; of those cities, the median estimated home value for homes going to auction ranges from $421,590 in Perry to the lowest value of $90,042 in Perry.
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Guide for Lake County, OH
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