Is Brook Park, 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, 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.
Housing Prices in Brook Park, OH
How much do homes in Brook Park, OH cost?
Median Sold Price
$209,950
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brook Park have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Brook Park was $209,950 in March 2024, up 13.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $131K | $175K | +33.6% |
| 3 Bedrooms | $188.9K | $210K | +11.2% |
| 4 Bedrooms | $190K | $224.5K | +18.2% |
| 5+ Bedrooms | $103.5K | $232K | +124.2% |
Summary: Brook Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 124.2%.
Median Sold Price Compared To Nearby Cities
| Berea | $195.1K | $225K | +15.3% |
| Brook Park | $185K | $209.9K | +13.5% |
| Brookpark | $185K | $209.9K | +13.5% |
| Fairview Park | $248K | $259K | +4.4% |
| Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Brook Park, OH
How many homes are available in Brook Park, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -3.8% |
Summary: The Brook Park real estate market had 51 homes for sale in March 2024, a 3.8% decrease 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brook Park 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brook Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Brook Park in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Brook Park, OH
How long does it take to sell a home in Brook Park, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 25 Days | -33.9% |
Summary: Homes in Brook Park had an average of 25 days on market in Mar 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brook Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Brook Park; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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