Real Estate Market Update for Solon, OH
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 34% from one year earlier, and down 6% 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 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 26%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold increased 71% year-over-year, and increased 9% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Solon, OH
Area Information for Solon, OH
  • Population: 24,472
  • Median Age: 44.87 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 1,201/sq mi
  • Population Change Since 2000: 12.25%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Ursuline College
  • Closest Jr. College: Cuyahoga Cmnty College-eastern Campus
  • Median Household Income: $98,026
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $249,000
  • Closest Major Sports Team: Lake County Captains (a)
  • Change Avg. Household Income Since 2000: 33.32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Solon, OH
Median Age: 44.87 Married: 55% Number of Households: 8,725 Households with Children: 3,583
    • 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 Solon, OH

      School Name Distance Type Grades School Rating Parent Rating
      St Rita School 0.0 mi Catholic PRESCHOOL-8 0 0
      Solon Creative Playrooms Elementary School 0.4 mi Private K-K 0 0
      Solon High School 0.4 mi Public 9-12 5 4
      Le Chaperon Rouge Co Inc 0.6 mi Private PRESCHOOL-K 0 0
      Grace L Roxbury Elementary School 0.7 mi Public K-4 4 0
      Solon Middle School 0.7 mi Public 7-8 5 0
      Parkside Elementary School 0.7 mi Public K-4 5 0
      Orchard Middle School 0.7 mi Public 5-6 0 5
      Arthur Road Elementary School 0.8 mi Public PRESCHOOL-4 5 0
      Dorothy E Lewis Elementary School 1.8 mi Public K-4 5 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 © 2015. School Performance data by School Review data by
      Local Weather for Solon, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.