Is Brookpark, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookpark is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Brookpark, OH cost?

Median Sold Price

$181,516

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$16,126(+9.8%)

Key Takeaway

Homes in Brookpark have sold for 9.8% 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 $165K$185K
+12.1%
4 $173.1K$199.5K
+15.2%
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 Brookpark, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
6059-1.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 64
-33.3%
3 5050
0.0%
4 34
+33.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3114-54.8%

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 Brookpark, 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%
31 Days15 Days-51.9%

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 Brookpark 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 Brookpark, OH

Homes for sale in Brookpark, OH have reached 59. Between September 2022 and October 2022, Brookpark, OH real estate market has seen decrease in the number of listings by 1.7%. The median list price of listings available in October 2022 was $181,516, while the average time on the real estate market was 15 days. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 8%, 3 bedrooms properties prices increased by 12.1%, 4 bedrooms properties prices increased by 15.2%, prices of 5 bedrooms properties increased by 58.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 33.3%, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes increased by 33.3%, 5 bedrooms homes did not move. Brookpark, OH housing market in October 2022 saw over 11 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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