Rocky River, OH 44116 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator, the median sold price, is 486,500, which represents the most reliable signal of current market value and recent transaction activity and suggests recent closings are below asking levels when compared to the median listing price of 540,250.
2. Despite a up price year-over-year trend and a market temperature labeled hot, the long median days on market of 339 points to slower sales velocity and pricing friction that may require buyers and sellers to be patient.
3. The median price per square foot is 236, which, together with the gap between median listing price and median sold price, appears to reflect seller optimism relative to actual transaction prices and may indicate negotiation room for informed buyers.
4. Inventory appears as a relatively constrained active supply in the analyzed sample while transaction activity is moderate, and with interest rate pressure described as elevated (elevated) and rent year-over-year trend down, financing costs and softer rental demand are risk factors to monitor for near-term liquidity and pricing stability.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.