Is Peninsula, OH 44264 a buyer’s or seller’s market?

The Peninsula housing market right now

In the three months ending August 31, 2026, 38% of homes in Peninsula, OH 44264 sold above their list price, the typical home went under contract in 18 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 63%, homes sold more slowly (6 days then) and the median sale price fell 2% to $489,738. Overall, Peninsula is less competitive than a year ago, which gives buyers more room.

Within Summit County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in 60%.

Nearby, buyers who want less competition could look at Akron 44311 (12% sold over asking) or Akron 44304 (17% sold over asking), while Munroe Falls 44262 (58% sold over asking) and Twinsburg 44087 (55% sold over asking) are even more competitive.