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Foreclosure Homes in Painesville, OH 44077

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Painesville, OH Foreclosures

How much do homes sell for in Painesville, OH?
The average home price is currently $283,188.
In Painesville, OH, how many homes are available?
There are currently 112 active home listings available in Painesville.
What’s the average rental cost in Painesville, OH?
The average rental price in Painesville is $1,296.
What is the most expensive home in Painesville?
The most expensive home sold in Painesville had a price of $7,266,855.
What is currently the cheapest priced home in Painesville, OH?
The cheapest home for sale in Painesville is priced at $10,748.

Living in Painesville, OH

Painesville, Ohio is a picturesque city situated along the shores of Lake Erie, combining small-town allure with modern conveniences. It is an ideal community for families, thanks to its excellent schools and ample recreational activities available throughout the year. With a vibrant downtown and various amenities, Painesville is a thriving location to call home.

Current Market Conditions in Painesville, OH

The real estate market in Painesville is currently experiencing a steady growth trend, characterized by a rising demand for homes due to its desirable locale near Lake Erie and the quality of life it offers. Properties in the area cater to a diverse range of buyers, from first-time homeowners to families looking for more space.

Recent trends have shown an increase in home values, with a surge in buyers seeking to relocate to suburban areas like Painesville that offer a quieter lifestyle while still being relatively close to urban centers such as Cleveland.

Home Value Estimator For Painesville, OH

There are currently 19,873 real estate properties in Painesville, OH, with a median automated valuation model (AVM) price of $246,207.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Painesville, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Painesville, OH, is $283,188.00, with the most expensive house in Painesville, OH, topping out at $7,266,855.00 and the cheapest home in Painesville, OH, clocking in at $10,748.00. In other words, there’s something for every potential homebuyer or savvy investor in Painesville, OH!

Rent Prices In Painesville, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Painesville, OH, is on a rollercoaster ride. The average rent price in Painesville, OH, is $1,296.00. Indeed, when looking to rent in Painesville, OH, you can expect to pay as little as $550.00 or as much as $2,430.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Painesville, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Painesville, OH 44077 Foreclosures

Market Trend for Painesville, OH

Total Listings Available: 112

Market Values:

Home Prices from $10,748 to $7,266,855

Average Sales Price: $283,188

Rental Values:

Rental from $550 to $2,430

Average Rent Value: $1,296 / month

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