Is Brook Park, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brook Park is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Brook Park has remained a Seller's Market.

Key Takeaway

Brook Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Brook Park, OH cost?

Median Sold Price

$180,033

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$14,447(+8.7%)

Key Takeaway

Homes in Brook Park have sold for 8.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $140K$128.7K
-8.0%
3 $165.3K$185K
+11.9%
4 $173.1K$197.7K
+14.2%
5+ $180K$286K
+58.9%

Median Sold Price Compared To Nearby Cities

Middleburg Heights
+13.9%
Berea
+13.0%
Brookpark
+9.8%
Brook Park
+8.7%
Fairview Park
+4.7%

How many homes are available in Brook Park, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
5957-3.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 64
-33.3%
3 4948
-2.0%
4 34
+33.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3014-53.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brook Park, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
30 Days15 Days-50.9%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brook Park 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 Brook Park, OH

Brook Park, OH has 57 homes for sale to choose from. Between September 2022 and October 2022, Brook Park, OH real estate market has seen decrease in the number of listings by 3.4%. The median list price of listings available in October 2022 was $180,033, while the average time on the real estate market was 15 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices decreased by 8%, the cost of 3 bedrooms properties went up by 11.9%, prices of 4 bedrooms properties increased by 14.2%, 5 bedrooms properties became 58.9% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 33.3%, the quantity of 3 bedrooms homes went down by 2%, 4 bedrooms homes became 33.3% more available, the quantity of 5 bedrooms homes have not changed. While more than 11 listings in Brook Park, OH in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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