Real Estate Market Update for Westlake, OH
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 32% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold decreased 11% year-over-year, and increased 66% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Westlake, OH
Area Information for Westlake, OH
  • Population: 33,029
  • Median Age: 46 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,073/sq mi
  • Population Change Since 2000: 3.67%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Baldwin Wallace College
  • Closest Jr. College: Ohio Business College-sheffield Village
  • Median Household Income: $77,177
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $200,000
  • Closest Major Sports Team: Cleveland Browns
  • Change Avg. Household Income Since 2000: 21.69%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Westlake, OH
Median Age: 46 Married: 48% Number of Households: 13,986 Households with Children: 3,697
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 Westlake, OH

      School Name Distance Type Grades School Rating Parent Rating
      Le Chaperon Rouge Elementary School 0.4 mi Private K-5 0 0
      Dover Elementary School 0.4 mi Public PRESCHOOL-4 5 0
      Lee Burneson Middle School 0.5 mi Public 7-8 5 0
      Westlake High School 0.5 mi Public 9-12 4 4
      Bassett Elementary School 0.8 mi Public K-4 5 0
      St Paul Lutheran School 0.9 mi Private PRESCHOOL-8 0 0
      Holly Lane Elementary School 1.2 mi Public K-4 4 0
      Westlake Montessori School & Childcare Center 1.3 mi Private K-K 0 0
      Westlake Montessori School & Childcare Center 1.3 mi Private K-K 0 0
      Albert Einstein Academy For Letters, Arts And Sciences-ohio 1.4 mi Public 7-11 0 0
      Westshore Montessori School 1.4 mi Private PRESCHOOL-K 0 0
      Hilliard Elementary School 2.3 mi Public PRESCHOOL-4 4 0
      St. Bernadette Elementary School 2.4 mi Catholic PRESCHOOL-8 0 0
      The Goddard School 2.4 mi Private PRESCHOOL-K 0 0
      Westside Christian Academy 2.8 mi Private K-8 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 Westlake, 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.