Is Brecksville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brecksville has remained a Seller's Market.
Key Takeaway
Brecksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brecksville, OH
How much do homes in Brecksville, OH cost?
Median Sold Price
$372,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brecksville have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Brecksville was $372,500 in May 2024, down 0.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $86.2K | +4.5% |
| 2 Bedrooms | $182.9K | $179.2K | -2.0% |
| 3 Bedrooms | $320.5K | $330K | +3.0% |
| 4 Bedrooms | $440K | $507.5K | +15.3% |
| 5+ Bedrooms | $688.7K | $524.5K | -23.8% |
Summary: Brecksville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Broadview Heights | $288K | $344K | +19.4% |
| Independence | $290K | $310K | +6.9% |
| Sagamore Hills Township | $255.9K | $269K | +5.1% |
| Brecksville | $375.3K | $372.5K | -0.8% |
Housing Supply in Brecksville, OH
How many homes are available in Brecksville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Brecksville real estate market had 42 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Brecksville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brecksville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Brecksville in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for Brecksville, OH
How long does it take to sell a home in Brecksville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 24 Days | -65.1% |
Summary: Homes in Brecksville had an average of 24 days on market in May 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brecksville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Brecksville; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved