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Featured local agent — Painesville, OH
Sarah Mitchell
Compass Real Estate · Painesville, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Painesville, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$205,500median sale price
How is the Painesville, OH housing market right now?
The median home sale price in Painesville, OH is $205,500, down 9.9% year-over-year. Homes sell in an average of 26 days with 24 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Painesville a buyer's or seller's market?
Painesville, OH is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
26
Average pace
Active listings
24
1.6 months supply
Sale-to-list
101.4%
Above asking
What does the Painesville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $205,500 |
| Median list price | $207,450 |
| Year-over-year price change | -9.9% |
| Average days on market | 26 days |
| Active inventory | 24 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 24 |
| Listings with a price cut | 50.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Painesville by property type?
How the Painesville, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $192,750 | $153/sq ft | 14 | 19 days |
| Condo / Co-op | $237,500 | — | 1 | 26 days |
Source: Redfin · Updated monthly
The Painesville housing market is currently classified as a strong seller's market with a median sale price of $205,500. Prices have fallen 9.9% compared to last year, with homes spending an average of 26 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Painesville
There are currently 24 homes listed for sale in Painesville, Ohio. The median listing price is $207K.
Active listings
24
Homes on market
Median list price
$207K
Avg. days on market
26
Days until sale
New this week
24
Newly listed
Who lives in Painesville?
Population
20,453
Median income
$50,455/yr
Median age
34.7 years
Owner-occupied
48.6%
College grads
21.3%
Avg commute
20.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Painesville?
Zillow home value
$231,147
Zillow rent index
$1,423/mo
Price-to-rent ratio
13.5x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Painesville?
Painesville is a community of approximately 20K residents with a median age of 34.7 years.The median household income is $50,455, which represents a working-class community with solid middle-income opportunities. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 48.6%, showing a blend of owner and renter-occupied properties. The average commute time is 20.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Painesville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Painesville?
14 schools tracked · 6,545 students
The largest public schools serving Painesville, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Riverside Jr/Sr High School
Grades 8-12 · 1,682 students
Harvey High School
Grades 9-12 · 829 students
Riverview Elementary School
Grades K-5 · 601 students
Heritage Middle School
Grades 6-8 · 599 students
Henry F Lamuth Middle School
Grades 6-7 · 530 students
Maple Elementary School
Grades PK-5 · 431 students
Chestnut Elementary School
Grades K-5 · 415 students
Elm Street Elementary School
Grades K-5 · 414 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Painesville, OH?
Want a head-to-head view? Compare Painesville side-by-side with any other U.S. city using our market-comparison tool.
Is Painesville a good real estate investment market?
For investors evaluating Painesville, the price-to-rent ratio of 13.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 9.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Painesville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Painesville's median home price.
Frequently asked questions
What is the average home price in Painesville?
The median home sale price in Painesville is $205,500, down 9.9% from last year.
How long do homes stay on market in Painesville?
Homes typically spend 26 days on market before going under contract.
What is the median income in Painesville?
The median household income is $50,455 per year.
Is Painesville a buyer's or seller's market?
With 1.6 months of supply, Painesville is currently a strong seller's market.
What is the Zillow home value estimate for Painesville?
The Zillow Home Value Index (ZHVI) for Painesville is $231,147, representing the typical home value in the area.
What is the median condo price in Painesville?
The median condo/co-op sale price in Painesville, OH is $237,500, compared to $192,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Painesville?
The median single-family home price in Painesville, OH is $192,750 (about $153 per square foot).
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