Is Bedford, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bedford has remained a Seller's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, OH
How much do homes in Bedford, OH cost?
Median Sold Price
$175,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bedford have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Bedford was $175,000 in April 2024, up 16.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.2K | $75K | +22.5% |
| 2 Bedrooms | $104K | $122.7K | +18.0% |
| 3 Bedrooms | $147K | $175K | +19.0% |
| 4 Bedrooms | $171K | $191K | +11.7% |
| 5+ Bedrooms | $182.5K | $220K | +20.5% |
Summary: Bedford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $259K | $342.5K | +32.2% |
| Bedford | $150K | $175K | +16.7% |
| Maple Heights | $110K | $122.1K | +11.1% |
| Bedford Heights | $170K | $179.9K | +5.9% |
| Walton Hills | $267.5K | $278K | +3.9% |
Housing Supply in Bedford, OH
How many homes are available in Bedford, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 72 | -2.7% |
Summary: The Bedford real estate market had 72 homes for sale in April 2024, a 2.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 44 | 47 | +6.8% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Bedford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Bedford in April 2024, up by 21.1% month-over-month. Of the 23 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for Bedford, OH
How long does it take to sell a home in Bedford, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 31 Days | -51.7% |
Summary: Homes in Bedford had an average of 31 days on market in Apr 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Bedford; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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