Real Estate Market Update for Willoughby, 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 32% from one year earlier, and down 17% 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 under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 19% year-over-year, and increased 32% 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 Willoughby, OH

Area Information for Willoughby, OH
  • Population: 22,972
  • Median Age: 43.49 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 2,241/sq mi
  • Population Change Since 2000: 1.93%
  • Closest Airport: Burke Lakefront
  • Closest College: Bryant-stratton College-east Lake Campus
  • Closest Jr. College: Lakeland Community College
  • Median Household Income: $58,932
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $143,350
  • Closest Major Sports Team: Lake County Captains (a)
  • Change Avg. Household Income Since 2000: 37.9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Willoughby, OH
Median Age: 43.49 Married: 37% Number of Households: 10,721 Households with Children: 2,237
    • 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 Willoughby, OH

      School Name Distance Type Grades School Rating Parent Rating
      Longfellow Elementary School 0.6 mi Public K-5 3 0
      North High School 1.0 mi Public 9-12 2 3
      Kennedy Early Learning Center Preschool 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      South High School 1.4 mi Public 9-12 3 3
      Willoughby Middle School 1.6 mi Public 6-8 2 2
      Andrews Osborne Academy 1.6 mi Private PRESCHOOL-12 0 0
      Northern Career Institute 1.7 mi Public 10-12 0 0
      Eastlake Middle School 1.8 mi Public 6-8 2 0
      Jefferson Elementary School 1.8 mi Public K-5 2 0
      Grant Elementary School 1.9 mi Public K-5 2 0
      Edison Elementary School 1.9 mi Public K-5 2 0
      Willowick Middle School 1.9 mi Public 6-8 2 0
      Royalview Elementary School 1.9 mi Public K-5 2 0
      Willoughby Montessori Dayschl 2.2 mi Private PRESCHOOL-K 0 0
      Kirtland Elementary School 4.0 mi Public PRESCHOOL-5 4 0
      Kirtland High School 4.0 mi Public 9-12 5 4
      Kirtland Middle School 4.0 mi Public 6-8 4 0
      School Of Innovation 4.4 mi Public 3-8 5 0
      Cornerstone Christian Academy 4.5 mi Private PRESCHOOL-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 Willoughby, 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.