Real Estate Market Update for Painesville, OH
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 26% from one year earlier, and down 11% 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 just over 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 110-thousand dollars. The number of units sold increased 11% year-over-year, and decreased 5% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Painesville, OH

Area Information for Painesville, OH
  • Population: 19,312
  • Median Age: 33.3 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 3,072/sq mi
  • Population Change Since 2000: 8.87%
  • Closest Airport: Burke Lakefront
  • Closest College: Lake Erie College
  • Closest Jr. College: Lakeland Community College
  • Median Household Income: $41,234
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $112,250
  • Closest Major Sports Team: Lake County Captains (a)
  • Change Avg. Household Income Since 2000: 35.06%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Painesville, OH
Median Age: 33.3 Married: 31% Number of Households: 7,021 Households with Children: 2,336
    • 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 Painesville, OH

      School Name Distance Type Grades School Rating Parent Rating
      Mckinley Elementary School 0.5 mi Public PRESCHOOL-5 2 0
      Chestnut Elementary School 0.7 mi Public K-5 1 0
      Elm Street Elementary School 2.3 mi Public K-5 1 0
      Summit Academy Community School - Painesville 2.4 mi Public K-8 1 0
      Our Shepherd Lutheran School 2.7 mi Private K-8 0 0
      Harvey High School 3.1 mi Public 9-12 1 5
      Red Raider Preschool 3.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Heritage middle School 3.4 mi Public 6-8 1 0
      Buckeye Elementary School 3.6 mi Public K-5 4 0
      Riverside Jr/sr High School 4.3 mi Public 8-12 3 3
      Melridge Elementary School 4.4 mi Public K-5 4 0
      Henry F Lamuth Middle School 4.7 mi Public 6-7 4 0
      Hershey Montessori Elementary School 4.9 mi Private PRESCHOOL-6 0 0
      Auburn Vocational 7.2 mi Public 11-12 0 0
      Istem Geauga Early College High School 7.2 mi Public 9-12 5 0
      The Lake Academy 7.4 mi Public 7-12 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.
      Local Weather for Painesville, OH
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.