Rocky River, OH Foreclosures
How much do homes sell for in Rocky River, OH?
The average home price is currently $441,584.
In Rocky River, OH, how many homes are available?
There are currently 21 active home listings available in Rocky River.
What’s the average rental cost in Rocky River, OH?
The average rental price in Rocky River is $1,845.
What is the most expensive home in Rocky River?
The most expensive home sold in Rocky River had a price of $27,337,741.
What is currently the cheapest priced home in Rocky River, OH?
The cheapest home for sale in Rocky River is priced at $10,506.
Living in Rocky River, OH
Rocky River, OH is a charming suburban city along the scenic Lake Erie, known for its lively community, top-rated schools, and beautiful parks. The area boasts a variety of local amenities including shopping, dining, and recreational activities, making it an ideal place for families and professionals alike. Its close proximity to Cleveland adds to its appeal, offering the best of both suburban and urban living.
Current Market Conditions in Rocky River, OH
Rocky River's real estate market has shown resilience in the face of fluctuations, exhibiting steady demand for homes due to its desirable location and community offerings. Currently, the market trend points towards a competitive setting, with established neighborhoods attracting significant interest from both buyers and investors. The city's appeal lies in its quality of life and excellent schools, which continue to attract families looking to settle down.
As the market has evolved, we've noticed a gradual increase in home values, particularly in desirable pockets of Rocky River. The combination of low inventory and high demand has spurred a tendency for homes to sell quickly, often above listing price. Investors are keenly watching this market for potential growth opportunities, especially with renovation-ready homes.
Home Value Estimator For Rocky River, OH
There are currently 8,958 real estate properties
in Rocky River, OH,
with a median automated valuation model (AVM) price
of $378,482.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rocky River, 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 Rocky River, OH,
is $441,584.00, with the most expensive house
in Rocky River, OH, topping out
at $27,337,741.00 and the cheapest home
in Rocky River, OH,
clocking in at $10,506.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rocky River, OH!
Rent Prices
In Rocky River, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rocky River, OH, is on
a rollercoaster ride. The
average rent price in Rocky River, OH,
is $1,845.00. Indeed, when looking to rent in
Rocky River, OH, you can expect to pay as little
as $680.00 or as much
as $2,560.00,
with the average rent median estimated to
be $1,980.00. The good news is that finding
an affordable and desirable property to rent in Rocky River, 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.
Learn more on Foreclosure homes
