The Akron Cleveland Association of REALTORS® prepared the Local Market Report for Maple Heights, with the following statement analyzing the Maple Heights Real Estate Data as of February 2025:
“The current month’s supply of inventory stands at 1.38, indicating a tight market with low inventory levels. This means that there are fewer homes available for sale, leading to increased competition among buyers. The median number of days homes are on the market is at 24, indicating that homes are selling quickly. This could be attributed to the low inventory levels and high demand in the market.
The sold-to-list price percentage is at 95.9%, indicating that homes are selling close to their listing price. This suggests that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price. Lastly, the median sold price in this market is $130,250. This metric provides buyers and sellers with a benchmark to understand the current market value of properties in the area.
Overall, these metrics paint a picture of a fast-paced and competitive real estate market with low inventory levels and high demand. Buyers may need to act quickly when they find a property they like, while sellers may benefit from pricing their homes competitively to attract buyers in this market.”