Is Painesville, OH 44077 a buyer’s or seller’s market?

The Painesville housing market right now

In the three months ending August 31, 2026, 37% of homes in Painesville, OH 44077 sold above their list price, the typical home went under contract in 29 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 229 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold about as fast and the median sale price held steady to $266,885. Overall, Painesville is more competitive than a year ago, so tougher for buyers.

Within Lake County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Painesville ranks #105 of 489 OH ZIP codes with enough sales (score 76 out of 100).

Nearby, buyers who want less competition could look at Perry 44081 (30% sold over asking) or Willoughby 44094 (32% sold over asking), while Grand River 44045 (50% sold over asking) and Eastlake 44095 (48% sold over asking) are even more competitive.