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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brecksville is a seller's market

Buyer's
Market

Difference Since March 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

$355,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$12,475(-3.4%)

Key Takeaway

Homes in Brecksville have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Brecksville was $355,000 in March 2024, down 3.4% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $82.5K$84.9K
+2.9%
2 $175K$180K
+2.9%
3 $330K$309K
-6.4%
4 $447.2K$490K
+9.6%
5+ $580K$610K
+5.2%

Summary: Brecksville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Broadview Heights
+12.2%
Independence
+6.9%
Sagamore Hills Township
+0.8%
Brecksville
-3.4%

Housing Supply in Brecksville, OH

How many homes are available in Brecksville, OH?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
42420.0%

Summary: The Brecksville real estate market had 42 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 54
-20.0%
3 1212
0.0%
4 1819
+5.6%
5+ 65
-16.7%

Summary: The Brecksville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% 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

Mar 2023Mar 2024CHANGE
32 Days24 Days-24.8%

Summary: Homes in Brecksville had an average of 24 days on market in Mar 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 16 homes were sold in Brecksville; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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