Real Estate Market Update for 44094 (Willoughby, OH)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 29% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold decreased 36% year-over-year, and decreased 18% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 44094 (Willoughby, OH)
Area Information for 44094 (Willoughby, OH)
  • Population: 35,843
  • Median Age: 45.34 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 914/sq mi
  • Population Change Since 2000: 3.62%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Bryant-stratton College-east Lake Campus
  • Closest Jr. College: Lakeland Community College
  • Median Household Income: $57,513
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $139,700
  • Closest Major Sports Team: Lake County Captains (a)
  • Change Avg. Household Income Since 2000: 25.75%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 44094 (Willoughby, OH)
Median Age: 45.34 Married: 42% Number of Households: 15,981 Households with Children: 3,652
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 44094 (Willoughby, OH)

      School Name Distance Type Grades School Rating Parent Rating
      Kirtland Middle School 1.2 mi Public 6-8 4 0
      Kirtland High School 1.2 mi Public 9-12 5 4
      Kirtland Elementary School 1.2 mi Public PRESCHOOL-5 5 0
      Peaceful Children Montessori 1.4 mi Catholic PRESCHOOL-8 0 0
      Willo-hill Christian School 1.9 mi Private PRESCHOOL-6 0 0
      South High School 2.3 mi Public 9-12 2 4
      Willoughby Middle School 2.4 mi Public 6-8 3 2
      The Lake Academy 2.4 mi Public 7-12 0 0
      Willoughby-eastlake Tech Cente 2.4 mi Public 10-12 0 0
      Andrews Osborne Academy 2.4 mi Private PRESCHOOL-12 0 0
      Edison Elementary School 2.9 mi Public K-5 3 0
      Willoughby Montessori Dayschl 3.2 mi Private PRESCHOOL-K 0 0
      Grant Elementary School 3.8 mi Public K-5 2 0
      School Of Innovation 4.1 mi Public 3-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 44094 (Willoughby, OH)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.