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Ohio Home Sellers Saw 10-Year High In Profits: Report


In Ohio, sellers made $15,950 on average when selling their house. For several years, between 2007 and part of 2016, most Ohioans were seeing a loss of investment, with homes selling for less than what they were bought for. That trend started to shift in ...


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CLEVELAND, OH — The average profit people made on home sales in the final quarter of 2017 reached a more than 10-year high, according to a new report published ThursdayIn Ohio, sellers made $15,950 on average when selling their houseFor several years, between 2007 and part of 2016, most Ohioans were seeing a loss of investment, with homes selling for less than what they were bought forThat trend started to shift in the third quarter of 2016, with homes now adding nearly $16,000 to their average sale priceThe median sale price of homes in Ohio has also seen a pretty drastic three-year increaseIn 2015, the average price of a home in Ohio was $96,900By 2017, the average sale price in Ohio was $130,100Here's what the average seller gains in these Ohio metropolitan areas: Columbus, OH — $34,000Cincinnati, OH — $18,100Dayton, OH — $14,250Akron, OH — $10,000Cleveland, OH — $10,000Toledo, OH — $9,437Springfield, OH — $9,100Among the nation's top five metropolitan areas with the highest average home seller ROI in the last quarter of 2017, four were in CaliforniaAccording to ATTOM, those areas are: San Jose, California (90.1 percent ROI)San Francisco, California (73.3 percent ROI)Merced, California (64.6 percent ROI)Seattle, Washington (64.4 percent ROI)Santa Cruz, California (59.8 percent ROI)The median home price in 2017 also reached a new all-time high, according to ATTOMIn 2017, the U.Smedian home price was $235,000.ATTOM collects data from recorded sales deeds, foreclosure filings and loan dataMedian sales price is calculated based on the publicly recorded sales deed when availableFind more information on the ATTOM study by clicking hereCheck out some of the new homes on the market below 3233 W 56th StCleveland, Ohio 44102 For Sale: $27,5005 bd/4 full ba, 2,500 sqft More Info 12500 Edgewater Dr Apt 908Lakewood, Ohio 44107 For Sale: $203,5002 bd/2 full ba, 1,350 sqft More Info 13305 Havana RdGarfield Heights, Ohio 44125 For Sale: $67,5003 bd/1 full ba More Info 3881 Faversham RdUniversity Heights, Ohio 44118 For Sale: $79,0003 bd/1 full ba, 1,413 sqft More Info Cleveland, Ohio 44105 For Sale: $287,3004 bd/2 full ba, 2,702 sqft More Info 4020 Whitman AveCleveland, Ohio 44113 For Sale: $122,5004 bd/3 full ba, 2,214 sqft More Info 8302 Sowinski AveCleveland, Ohio 44103 For Sale: $39,9006 bd/3 full ba, 5,292 sqft More Info 2218 Oak Park AveCleveland, Ohio 44109 For Sale: $99,0003 bd/1 full ba, 1,260 sqft More Info 9610 Gaylord AveCleveland, Ohio 44105 For Sale: $5,3003 bd/1 full ba, 1,188 sqft More Info 2314 Tuxedo AveCleveland, Ohio 44134 For Sale: $97,9002 bd/2 full ba, 1,092 sqft More Info Subscribe Back to the Cleveland Patch More from Cleveland PatchUp next on Cleveland Patch Ohio Is The 35th Most Educated State In The U.S.: Study Cleveland Police Officer Arrested For Domestic Violence Valentine's Day 2018: The Ultimate Gift Guide ga("send", "event", "taboola", "served", "impression", 1, { "nonInteraction": 1 }); if (mobile_detect.is_phone) { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-b', container: 'taboola-below-article-thumbnails', placement: 'Mobile Below Article Thumbnails', target_type: 'mix' }); } else { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); } window._taboola = window._taboola || []; _taboola.push({flush: true}); var disqus_shortname = "patchmedia"; var disqus_identifier = "27461122"; var disqus_title = "Ohio Home Sellers Saw 10-Year High In Profits: Report"; var disqus_url = "https://patch.com/ohio/cleveland/ohio-home-sellers-saw-10-year-high-profits-report"; jQuery(document).ready(function() { jQuery('#show-disqus, .btn-comment-now').on('click', function(event){ jQuery.ajax({ type: "GET", url: "https://patchmedia.disqus.com/embed.js", dataType: "script", cache: true }); jQuery('#comments-guidelines').show(); event.target.id !== 'show-disqus' && jQuery('html, body').animate({ scrollTop: jQuery('#disqus_thread').offset().top - 220 }, 1000); jQuery('#show-disqus').slideUp(); return false; }); location.hash === '#comments' && jQuery('#show-disqus').click(); }); Show Comments Patch Community Guidelines Patch welcomes contributions and comments from our usersWe strive for civil, enlightened discussions on Patch stories and local issuesPlease abide by our posting standards: Be civil No profanity No personal attacks or insults Stay on topic Users who violate our posting rules will have their comments blocked or deletedUsers who flagrantly violate our standards can be banned at the moderator's discretion. × What are Featured Events? 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Feature your announcement on Patch now Featured Announcements + Add your announcement on Patch Real Estate NearbySelect a Listing TypeNewly ListedOpen HousesForeclosuresRentals 3233 W 56th StCleveland, Ohio 44102 For Sale: $27,5005 bd/4 full ba, 2,500 sqft More Info 12500 Edgewater Dr Apt 908Lakewood, Ohio 44107 For Sale: $203,5002 bd/2 full ba, 1,350 sqft More Info 13305 Havana RdGarfield Heights, Ohio 44125 For Sale: $67,5003 bd/1 full ba More Info 3881 Faversham RdUniversity Heights, Ohio 44118 For Sale: $79,0003 bd/1 full ba, 1,413 sqft More Info Cleveland, Ohio 44105 For Sale: $287,3004 bd/2 full ba, 2,702 sqft More Info 4406 Wellington AveParma, Ohio 44134 For Sale: $139,2003 bd/2 full ba, 1,064 sqft More Info 1428 Robinwood AveLakewood, Ohio 44107 For Sale: $279,9004 bd/1 full ba, 1,888 sqft More Info 3078 Edgehill RdCleveland Heights, Ohio 44118 For Sale: $234,9004 bd/2 full ba, 2,400 sqft More Info 5512 Stickney AveCleveland, Ohio 44144 For Sale: $94,9002 bd/2 full ba, 1,340 sqft More Info 15015 Onaway RdShaker Heights, Ohio 44120 For Sale: $264,9005 bd/3 full ba, 2,934 sqft More Info 12915 Maplerow AveGarfield Heights, Ohio 44105 Foreclosure: $42,5603 bd/1 full ba More Info 10626 Thrush AveCleveland, Ohio 44111 Foreclosure: $52,7004 bd/2 full ba More Info 3348 Colwyn RdCleveland, Ohio 44120 Foreclosure: $49,5007 bd/2 full ba More Info 1701 E 12th StCleveland, Ohio 44114 Rent: $776-$1,7220-3 bd/1-2 full ba, 561-1,615 sqft More Info 3328 Euclid AveCleveland, Ohio 44115 Rent: $495-$1,0501-2 bd/1 full ba, 325-1,025 sqft More Info 3311 Warrensville Center RdShaker Heights, Ohio 44122 Rent: $771-$1,1751-3 bd/1-2.5 full ba, 703-1,432 sqft More Info 5455 N Marginal RdCleveland, Ohio 44114 Rent: $1,580-$3,3101-3 bd/1-2.5 full ba, 880-2,100 sqft More Info 740 W Superior AveCleveland, Ohio 44113 Rent: $875-$1,4991-2 bd/1-2 full ba, 670-1,028 sqft More Info Nearby PatchesCleveland Heights Shaker Heights Lakewood Beachwood Middleburg Heights-Berea Brecksville TopicsArts & Entertainment Bulletin Board Business Community Corner Health & Fitness Home & Garden Jobs Kids & Family Local Deals & Classifieds Local Voices Obituaries Police & Fire Politics & Government Real Estate Schools Seasonal & Holidays Sports Weather Corporate InfoAbout Patch Careers PartnershipsAdvertise on Patch SupportFAQs Contact Patch View All Patches Patch Network Terms of Use Privacy Policy © 2018 Patch MediaAll Rights Reserved. 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