June 2025 Market Update: What We’re Seeing in McFerrin Park, Cleveland Park, and Highland Heights
If you’ve been watching the local real estate market and wondering whether things are slowing down, heating up, or just staying weird — you’re not alone. The June numbers for McFerrin Park, Cleveland Park, and Highland Heights (MPCPHH) paint a pretty clear picture: buyers are active, prices are climbing, and well-prepped homes are still moving.
Here’s what stands out in this month’s data.
Prices Are Up — Especially in the Middle of the Market
The average sale price in June reached $688,722, which is a 17% increase from the same time last year. More notably, the median sale price rose to $615,000 — that’s a 28% jump. Median price is often a better reflection of what’s happening across the board (not just at the top end), so that’s an important indicator of broader strength.
If you’re a homeowner who’s been thinking about cashing out or trading up, this could be a good moment to revisit the numbers.
Homes Are Moving Efficiently, Not Instantly
The average days on market dipped to 30, down from 37 last June. That’s still a healthy pace — not the overnight bidding wars of a couple years ago, but not a sluggish market either. Once under contract, homes are closing in just over a month, with the average contract-to-close period sitting at 34 days.
What this means for sellers: you’ll likely have a few weeks to find the right buyer, but you need to be buttoned up — that means strong marketing, smart pricing, and a home that shows well from day one.
What it means for buyers: don’t wait too long to make a move if a home checks your boxes. The best properties aren’t lingering.
Inventory Is Tight — But Buyers Are Motivated
We had fewer new listings in June compared to last year — down 9% — and active inventory dropped 19%. Despite that, the number of homes going under contract jumped 46% year over year. So even with fewer options, buyers are acting.
That combination — fewer listings, faster contract activity, and rising prices — puts sellers in a strong position. But it also means buyers are still finding value and moving confidently when the right house hits.
A More Balanced Market Is Taking Shape
Months of supply ticked down to 5.56, still above the “seller’s market” threshold of 4 months but well below a truly balanced 6-month mark. We’re seeing signs of normalization without any dramatic shifts.
So What Should You Do With This Info?
- If you’re a homeowner considering selling, this is a great time to talk strategy. Your home may be worth more than you think — but preparation and pricing are more important than ever.
- If you’re a buyer, you’ve got fewer homes to choose from, but strong data points to long-term growth. A good home at a fair price is still worth pursuing — especially before more buyers re-enter in the fall.
- If you’re just keeping an eye on the market, now’s a good time to check in and get a realistic view of where you stand.
I live here, work here, and spend every day helping people navigate this market with context and confidence. If you’re ready to talk about your next step — even if you’re just gathering info — I’m happy to help.
Source: Realtracs. Residential Single Family Data for McFerrin Park, Cleveland Park, and Highland Heights (MPCPHH), June 2025.
