Is Brecksville, 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, Brecksville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $84.9K | +2.9% |
2 Bedrooms | $175K | $180K | +2.9% |
3 Bedrooms | $330K | $309K | -6.4% |
4 Bedrooms | $447.2K | $490K | +9.6% |
5+ Bedrooms | $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 | $294.5K | $330.3K | +12.2% |
Independence | $290K | $310K | +6.9% |
Sagamore Hills Township | $263K | $265K | +0.8% |
Brecksville | $367.4K | $355K | -3.4% |
Housing Supply in Brecksville, OH
How many homes are available in Brecksville, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 42 | 0.0% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 6 | 5 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 16 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 24 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
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.