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 July 2021

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.

How much do homes in Brecksville, OH cost?

Median Sold Price

$345,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$1,500(+0.4%)

Key Takeaway

The sold price of homes in Brecksville has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $54.2K$70.5K
+30.0%
2 $131K$147K
+12.2%
3 $269.5K$290K
+7.6%
4 $425K$447.5K
+5.3%
5+ $475K$704.5K
+48.3%

Median Sold Price Compared To Nearby Cities

Broadview Heights
+6.1%
Sagamore Hills Township
+4.2%
Richfield
+2.6%
Brecksville
0.4%

How many homes are available in Brecksville, OH?

Number of Homes For Sale

Jun 2022Jul 2022%
7570-6.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 1011
+10.0%
3 2021
+5.0%
4 3427
-20.6%
5+ 1111
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
2518-28.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 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. 55.6% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
42 Days16 Days-59.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Brecksville, OH

There are 70 homes are for sale in Brecksville, OH real estate market. In July 2022 in Brecksville, OH there were 6.7% less homes for sale than in June 2022. The median list price of listings available in July 2022 was $345,000, while the average time on the real estate market was 16 days. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 30%, 2 bedrooms properties prices increased by 12.2%, 3 bedrooms properties prices increased by 7.6%, 4 bedrooms properties prices increased by 5.3%, 5 bedrooms properties became 48.3% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 10%, 3 bedrooms homes became 5% more available, volume of 4 bedrooms homes went down by 20.6%, 5 bedrooms homes did not move. In July 2022, from all listings sold in Brecksville, OH there were more than 10 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price.

Related Housing Market Reports