Strongsville, OH 44136 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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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 value is reflected by a median sold price of 360,000, which—combined with a hot market temperature and an upward price year-over-year trend—supports a seller-favorable environment for recent transactions.
2. There is notable pricing friction between the median listing price of 452,500 and the median sold price of 360,000, which may indicate sellers are listing at higher expectations than recent closed transactions and suggests careful pricing strategies are required to achieve market-rate sales.
3. Liquidity signals are mixed: the median days on market of 307 points to slower sales velocity for listed properties despite overall hot market conditions; this may indicate selective buyer behavior or elongated time-to-contract on higher-priced or uniquely positioned homes.
4. Rental and financing context: the median market rent of 1,695 is trending up, and rent year-over-year is also up, while interest rate pressure is described as elevated—with current 30-year fixed mortgage rates averaging 6.63% compared to a 5.98%–6.46% range earlier in the year—creating a tighter affordability backdrop for buyers and supporting continued rent growth.

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.