Is Broadview Heights, 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, Broadview Heights has remained a Seller's Market.
Key Takeaway
Broadview Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadview Heights, OH
How much do homes in Broadview Heights, OH cost?
Median Sold Price
$330,300
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Broadview Heights have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Broadview Heights was $330,300 in March 2024, up 12.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $122K | +28.4% |
| 2 Bedrooms | $175K | $178.5K | +2.0% |
| 3 Bedrooms | $294K | $297K | +1.0% |
| 4 Bedrooms | $482.5K | $385K | -20.2% |
| 5+ Bedrooms | $515K | $585K | +13.6% |
Summary: Broadview Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Hinckley | $410K | $470K | +14.6% |
| Broadview Heights | $294.5K | $330.3K | +12.2% |
| Seven Hills | $265K | $285.7K | +7.8% |
| North Royalton | $285K | $285K | 0.0% |
| Brecksville | $367.4K | $355K | -3.4% |
Housing Supply in Broadview Heights, OH
How many homes are available in Broadview Heights, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Broadview Heights real estate market had 39 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadview Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadview Heights, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Broadview Heights in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% were sold over asking.
Days on Market for Broadview Heights, OH
How long does it take to sell a home in Broadview Heights, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +93.0% |
Summary: Homes in Broadview Heights had an average of 47 days on market in Mar 2024, up by 93% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadview Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Broadview Heights; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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