Is Broadview Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadview Heights is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Broadview Heights, OH cost?

Median Sold Price

$283,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$18,000(+6.8%)

Key Takeaway

Homes in Broadview Heights have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $80K$90K
+12.5%
2 $143.5K$181.1K
+26.2%
3 $250K$273.4K
+9.4%
4 $380K$465K
+22.4%
5+ $550K$502.7K
-8.6%

Median Sold Price Compared To Nearby Cities

North Royalton
+19.1%
Seven Hills
+10.9%
Broadview Heights
+6.8%
Brecksville
+0.7%
Hinckley
-13.5%

How many homes are available in Broadview Heights, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
7460-18.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 56
+20.0%
2 1412
-14.3%
3 2720
-25.9%
4 2318
-21.7%
5+ 54
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
2714-48.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadview Heights, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
19 Days27 Days+40.8%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broadview Heights 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 Broadview Heights, OH

Broadview Heights, OH has 60 homes on the market. In September 2022 in Broadview Heights, OH there were 18.9% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $283,000, while the average time on the real estate market was 27 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 12.5%, 2 bedrooms properties became 26.2% more expensive, prices of 3 bedrooms properties went up by 9.4%, 4 bedrooms properties became 22.4% more expensive, the cost of 5 bedrooms properties went down by 8.6%. Volume of homes for sale changed: number of 1 bedroom homes increased by 20%, number of 2 bedrooms homes decreased by 14.3%, 3 bedrooms homes inventory decreased by 25.9%, volume of 4 bedrooms homes went down by 21.7%, volume of 5 bedrooms homes went down by 20%. Over 6 listings were sold over their listed price in September 2022 in Broadview Heights, OH. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price.

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