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NOVELTY, OH 44072

Real Estate Market Report  ·  Geauga County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NOVELTY, OH real estate market (44072) currently shows 10 active listings, with 6 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 22 days last year.

The median listing price has fallen 32.8% year-over-year, from $937,500 to $629,950.

Whether you are buying or selling in NOVELTY, OH, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 5,192  ·  Density: 108.6/mi²  ·  Median household income: $101,154

Typical home value: $322,419  ·  Homeownership: 79.8%

Market Overview

Active Listings
10
⇧ 42.9% vs 7 last year
Pending
6
60% pending ratio
Median Price
$629,950
⇩ 32.8% vs $937,500 last year
Average Price
$630,705
⇩ 56.1% vs $1,437,333 last year
Days on Market
63
⇧ 186.4% vs 22 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 6.3% vs $190/sqft last year
Median Home Size
3,334 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 7 last year
  • Days on market: 63 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $629,950 (-32.8% YoY)
  • Average: $630,705 (-56.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.0 miles — 668 listings ($294,088,287 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44072Novelty, OH 440720.0 mi12$7,290,144$617,500$607,512
44022Chagrin Falls, OH 440224.3 mi46$92,951,786$958,750$2,020,691
44040Gates Mills, OH 440405.9 mi11$16,412,726$1,250,000$1,492,066
44124Cleveland, OH 441247.4 mi101$48,602,816$305,000$481,216
44143Cleveland, OH 441439.4 mi36$13,015,980$314,950$361,555
44021Burton, OH 440219.7 mi4$1,723,632$423,750$430,908
44024Chardon, OH 4402410.2 mi37$22,717,112$439,000$613,976
44121Cleveland, OH 4412111.2 mi106$23,200,432$199,450$218,872
44092Wickliffe, OH 4409211.3 mi34$10,273,950$217,500$302,175
44146Bedford, OH 4414612.1 mi73$17,883,467$219,975$244,979
44117Euclid, OH 4411712.3 mi19$3,144,234$161,700$165,486
44137Maple Heights, OH 4413712.9 mi82$13,405,196$157,750$163,478
44120Cleveland, OH 4412013.0 mi107$23,466,812$186,250$219,316

Frequently Asked Questions

How many homes are for sale in NOVELTY, OH 44072?

As of March 2026, there are 10 active listings in NOVELTY, OH (zip code 44072), compared to 7 the prior year.

What is the median home price in NOVELTY, OH 44072?

The median listing price in NOVELTY, OH 44072 is $629,950 as of March 2026, a 32.8% decrease from $937,500 the prior year.

How long do homes stay on the market in NOVELTY, OH?

Homes in NOVELTY, OH 44072 spend an average of 63 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in NOVELTY, OH 44072?

Based on current inventory and days-on-market data as of March 2026, NOVELTY, OH 44072 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 22 days last year.

How much can I save on real estate commission in NOVELTY, OH?

With SELL123.com's maximum 3% commission, sellers in NOVELTY, OH 44072 save an estimated $12,599 compared to a typical 5% commission on the median listing price of $629,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.