Is Beverly, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Beverly has remained a Seller's Market.

Key Takeaway

Beverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Beverly, OH

How much do homes in Beverly, OH cost?

Median Sold Price

$167,500

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,397(+7.3%)

Key Takeaway

Homes in Beverly have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Beverly was $167,500 in April 2024, up 7.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$92K
N/A
2 $114.9K$122K
+6.2%
3 $155K$168.2K
+8.5%
4 $215K$236K
+9.8%
5+ $324.5K$364.9K
+12.5%

Summary: Beverly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Neighborhoods

South Side
+15.6%
Southwyck
+12.5%
Beverly
+7.3%
Glendale-Heatherdowns
+6.0%

Housing Supply in Beverly, OH

How many homes are available in Beverly, OH?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3742+13.5%

Summary: The Beverly real estate market had 42 homes for sale in April 2024, a 13.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 2529
+16.0%
4 59
+80.0%
5+ 11
0.0%

Summary: The Beverly 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 decreased by 50%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Beverly in April 2024, up by 23.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for Beverly, OH

How long does it take to sell a home in Beverly, OH?

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days51 Days+64.9%

Summary: Homes in Beverly had an average of 51 days on market in Apr 2024, up by 64.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Beverly are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 16 homes were sold in Beverly; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Beverly, OH

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