Is Brecksville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$375,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Brecksville have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Brecksville was $375,000 in June 2024, down 0.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $86.2K | +4.5% |
| 2 Bedrooms | $195.9K | $190K | -3.0% |
| 3 Bedrooms | $330K | $325K | -1.5% |
| 4 Bedrooms | $437.5K | $507.5K | +16.0% |
| 5+ Bedrooms | $688.7K | $550K | -20.1% |
Summary: Brecksville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Broadview Heights | $300K | $336K | +12.0% |
| Independence | $290K | $309.5K | +6.7% |
| Sagamore Hills Township | $255K | $259.9K | +1.9% |
| Brecksville | $377K | $375K | -0.5% |
| Valley View | $384.9K | $300K | -22.1% |
Housing Supply in Brecksville, OH
How many homes are available in Brecksville, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The Brecksville real estate market had 46 homes for sale in June 2024, a 4.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Brecksville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brecksville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Brecksville in June 2024, down by 57.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 17 Days | 11 Days | -36.6% |
Summary: Homes in Brecksville had an average of 11 days on market in Jun 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brecksville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 8 homes were sold in Brecksville; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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