Cleveland heights homes
Cleveland Heights, a suburb of Cleveland, Ohio, is known for its diverse housing options, ranging from historic homes to modern condos. Here’s an overview based on the information provided:
Market Overview:
- Median Listing Price: Around $197,950 to $214K for homes for sale, with variations based on size, location, and condition.
- Time on Market: Homes typically stay on the market for about 39 to 62 days, indicating a relatively active market.
- Sales: In recent months, around 45 homes have been sold in Cleveland Heights, with additional condos, townhouses, and multi-family units also available.
Types of Properties:
- Single-Family Homes: From charming bungalows, Cape Cods, Tudors, to grand Georgians and Colonials. Many homes offer historical charm with modern updates.
- Duplexes and Multi-Family: Investment opportunities with properties like side-by-side duplexes or larger buildings, some offering rental income potential.
- Condos: New constructions and conversions offer more affordable entry points into the market, especially near vibrant areas like University Circle.
- Luxury Properties: For those looking in higher price brackets, there are homes in the $500,000 to $600,000 range, often with expansive lots and additional features like guest houses.
Neighborhoods:
- Popular Areas: University Circle, Buckeye-Shaker, Shaker Lakes, Little Italy, Glenville, and Coventry Village are known for their distinct community feel and architectural variety.
- Walkability: Cleveland Heights has a Walk Score of 53, making it moderately walkable, with some areas offering better pedestrian access to amenities.
Amenities and Lifestyle:
- Cultural Attractions: Close to Cleveland’s cultural institutions like the Cleveland Museum of Art and the Cleveland Clinic.
- Parks and Recreation: Residents enjoy access to several parks, community centers, and the vibrant commercial districts like Cedar-Lee and Coventry.
- Education: Near several educational institutions, including Case Western Reserve University, which can influence the real estate dynamics.
Investment Opportunities:
- Rental Properties: With Cleveland Heights being close to major employers and universities, there’s a steady demand for rentals, making it attractive for investors.
- Renovation Potential: Many homes listed as “as-is” or with POS (Point of Sale) compliance issues offer opportunities for buyers looking to renovate.
Current Market Trends:
- New Listings: There are frequently new listings, updated every 15 minutes on real estate platforms, showing active market movement.
- Price Points: The market caters to a broad audience, from first-time buyers to luxury seekers, with homes ranging from the $100s to over $1 million.
Buying and Selling:
- Agents: Local real estate agents, especially those affiliated with top realty firms, offer expertise in navigating Cleveland Heights’ market.
- Market Reports: Potential buyers and sellers can access detailed market reports for insights into pricing, trends, and neighborhood specifics.
Challenges:
- POS Compliance: Buyers should be aware of Cleveland Heights’ Point of Sale (POS) program, which requires homes to pass certain safety and code inspections before sale.
Conclusion:
Cleveland Heights presents a rich tapestry of housing options for those looking to buy or invest in real estate. The area combines historical significance with contemporary living, making it a compelling choice for various demographics, from families to investors interested in a dynamic urban-suburban blend.
