Is Hinckley, 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, Hinckley has remained a Seller's Market.
Key Takeaway
Hinckley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hinckley, OH
How much do homes in Hinckley, OH cost?
Median Sold Price
$467,900
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hinckley have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Hinckley was $467,900 in May 2024, up 13.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212K | $240K | +13.2% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $490K | $483.4K | -1.3% |
| 5+ Bedrooms | $690K | $570K | -17.4% |
Summary: Hinckley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Hinckley | $412.5K | $467.9K | +13.4% |
| Hinckley Township | $412.5K | $467.9K | +13.4% |
| Brunswick | $269.2K | $302K | +12.2% |
| North Royalton | $285K | $294.8K | +3.4% |
| Brunswick Hills Township | $327.5K | $333K | +1.7% |
Housing Supply in Hinckley, OH
How many homes are available in Hinckley, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Hinckley real estate market had 20 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Hinckley 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinckley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hinckley in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hinckley, OH
How long does it take to sell a home in Hinckley, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 60 Days | +43.3% |
Summary: Homes in Hinckley had an average of 60 days on market in May 2024, up by 43.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hinckley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Hinckley; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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