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Featured local agent — Terrace Park, OH
Sarah Mitchell
Compass Real Estate · Terrace Park, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Terrace Park, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$790,000median sale price
How is the Terrace Park, OH housing market right now?
The median home sale price in Terrace Park, OH is $790,000, up 51.2% year-over-year. Homes sell in an average of 50 days with 8 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 Terrace Park a buyer's or seller's market?
Terrace Park, OH is currently a seller's market, based on 1.6 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
50
Average pace
Active listings
8
1.6 months supply
Sale-to-list
98.6%
Below asking
What does the Terrace Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $790,000 |
| Median list price | $809,450 |
| Year-over-year price change | +51.2% |
| Average days on market | 50 days |
| Active inventory | 8 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $280/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Terrace Park by property type?
How the Terrace Park, 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 | $790,000 | $280/sq ft | 5 | 50 days |
Source: Redfin · Updated monthly
The Terrace Park housing market is currently classified as a seller's market with a median sale price of $790,000. Prices have risen 51.2% compared to last year, with homes spending an average of 50 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Terrace Park
There are currently 8 homes listed for sale in Terrace Park, Ohio. The median listing price is $809K.
Active listings
8
Homes on market
Median list price
$809K
Avg. days on market
50
Days until sale
New this week
6
Newly listed
Who lives in Terrace Park?
Population
2,282
Median income
$206,705/yr
Median age
38.8 years
Owner-occupied
96.6%
College grads
85.8%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Terrace Park?
Zillow home value
$806,681
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Terrace Park?
Terrace Park is a community of approximately 2K residents with a median age of 38.8 years.The median household income is $206,705, which reflects a relatively affluent area with strong earning potential. 85.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Terrace Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Terrace Park?
1 schools tracked · 336 students
The largest public schools serving Terrace Park, 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.
Terrace Park Elementary School
Grades PK-6 · 336 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 Terrace Park, OH?
Want a head-to-head view? Compare Terrace Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Terrace Park?
The median home sale price in Terrace Park is $790,000, up 51.2% from last year.
How long do homes stay on market in Terrace Park?
Homes typically spend 50 days on market before going under contract.
What is the median income in Terrace Park?
The median household income is $206,705 per year.
Is Terrace Park a buyer's or seller's market?
With 1.6 months of supply, Terrace Park is currently a seller's market.
What is the Zillow home value estimate for Terrace Park?
The Zillow Home Value Index (ZHVI) for Terrace Park is $806,681, representing the typical home value in the area.
How much does a single-family home cost in Terrace Park?
The median single-family home price in Terrace Park, OH is $790,000 (about $280 per square foot).
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