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Featured local agent — Shaker Heights, OH
Sarah Mitchell
Compass Real Estate · Shaker Heights, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shaker Heights, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Shaker Heights, OH housing market right now?
The median home sale price in Shaker Heights, OH is $350,000, down 16.2% year-over-year. Homes sell in an average of 21 days with 125 active listings. The market is currently a 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 Shaker Heights a buyer's or seller's market?
Shaker Heights, OH is currently a seller's market, based on 2.8 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
44
Last 12 weeks
Days on market
21
Average pace
Active listings
125
2.8 months supply
Sale-to-list
101.2%
Above asking
What does the Shaker Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $395,000 |
| Year-over-year price change | -16.2% |
| Average days on market | 21 days |
| Active inventory | 125 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 44 |
| New listings (latest month) | 73 |
| Listings with a price cut | 28.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Shaker Heights by property type?
How the Shaker Heights, 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 | $368,100 | $190/sq ft | 33 | 14 days |
| Condo / Co-op | $75,000 | $76/sq ft | 7 | 42 days |
| Townhouse | $231,000 | $192/sq ft | 1 | 687 days |
Source: Redfin · Updated monthly
The Shaker Heights housing market is currently classified as a seller's market with a median sale price of $350,000. Prices have fallen 16.2% compared to last year, with homes spending an average of 21 days on market, indicating 2.8 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Shaker Heights
There are currently 125 homes listed for sale in Shaker Heights, Ohio. The median listing price is $395K.
Active listings
125
Homes on market
Median list price
$395K
Avg. days on market
21
Days until sale
New this week
73
Newly listed
Who lives in Shaker Heights?
Population
29,004
Median income
$97,721/yr
Median age
42 years
Owner-occupied
60.2%
College grads
69.7%
Avg commute
22.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Shaker Heights?
Zillow home value
$362,956
Zillow rent index
$1,706/mo
Price-to-rent ratio
17.7x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Shaker Heights?
Shaker Heights is a community of approximately 29K residents with a median age of 42 years.The median household income is $97,721, which reflects a relatively affluent area with strong earning potential. 69.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Shaker Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shaker Heights?
8 schools tracked · 4,434 students
The largest public schools serving Shaker Heights, 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.
Shaker Hts High School
Grades 9-12 · 1,474 students
Shaker Hts Middle School
Grades 7-8 · 644 students
Woodbury Elementary School
Grades 5-6 · 642 students
Onaway Elementary School
Grades PK-4 · 419 students
Lomond Elementary School
Grades PK-4 · 372 students
Mercer Elementary School
Grades K-4 · 309 students
Fernway Elementary School
Grades K-4 · 290 students
Boulevard Elementary School
Grades PK-4 · 284 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 Shaker Heights, OH?
Want a head-to-head view? Compare Shaker Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Shaker Heights a good real estate investment market?
For investors evaluating Shaker Heights, the price-to-rent ratio of 17.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 16.2% 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 Shaker Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Shaker Heights's median home price.
Frequently asked questions
What is the average home price in Shaker Heights?
The median home sale price in Shaker Heights is $350,000, down 16.2% from last year.
How long do homes stay on market in Shaker Heights?
Homes typically spend 21 days on market before going under contract.
What is the median income in Shaker Heights?
The median household income is $97,721 per year.
Is Shaker Heights a buyer's or seller's market?
With 2.8 months of supply, Shaker Heights is currently a seller's market.
What is the Zillow home value estimate for Shaker Heights?
The Zillow Home Value Index (ZHVI) for Shaker Heights is $362,956, representing the typical home value in the area.
What is the median condo price in Shaker Heights?
The median condo/co-op sale price in Shaker Heights, OH is $75,000, compared to $368,100 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Shaker Heights?
The median single-family home price in Shaker Heights, OH is $368,100 (about $190 per square foot).
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