The housing market in Willowick continues to see strong price appreciation, with values up 12.1% compared to last year. The median home price of $185,000 represents a moderate 12.1% increase from this time last year. At the current pace, all available homes in Willowick would sell out in just 1.6 months, indicating a continued supply shortage. Transaction volume is up 67% compared to what's typically expected this time of year. A significant 29.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 35.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Willowick market with the affordability index at 60.7. Based on current market indicators, home prices in Willowick are projected to decrease by approximately 3.5% over the next month.