Is Beachwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Beachwood has remained a Seller's Market.
Housing Prices in Beachwood, OH
How much do homes in Beachwood, OH cost?
Median Sold Price
$413,250
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Beachwood was $413,250 in March 2024, up 6.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $151K | N/A |
2 Bedrooms | $314K | $325K | +3.5% |
3 Bedrooms | $320K | $385K | +20.3% |
4 Bedrooms | $417K | $475K | +13.9% |
5+ Bedrooms | $655K | $605K | -7.6% |
Summary: Beachwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
University Heights | $230K | $260K | +13.0% |
Pepper Pike | $605K | $650K | +7.4% |
Beachwood | $389.5K | $413.2K | +6.1% |
Lyndhurst | $205.9K | $215K | +4.4% |
Housing Supply in Beachwood, OH
How many homes are available in Beachwood, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 63 | +8.6% |
Summary: The Beachwood real estate market had 63 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Beachwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Beachwood in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Beachwood, OH
How long does it take to sell a home in Beachwood, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 47 Days | +61.6% |
Summary: Homes in Beachwood had an average of 47 days on market in Mar 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Beachwood; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.