Is Brownhelm Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brownhelm Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Brownhelm Township, OH

How much do homes in Brownhelm Township, OH cost?

Median Sold Price

$230,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,000(-7.6%)

Key Takeaway

Homes in Brownhelm Township have sold for 7.6% less than they did a year ago.

Summary: The median home sold price in Brownhelm Township was $230,000 in February 2024, down 7.6% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $100K$95K
-5.0%
2 $145.8K$160K
+9.8%
3 $244.9K$230K
-6.1%
4 $284.9K$347K
+21.8%
5+ $524K$425K
-18.9%

Summary: Brownhelm Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 18.9%.

Median Sold Price Compared To Nearby Cities

Amherst Township
+10.2%
Amherst
+8.9%
Vermilion
-0.2%
Vermilion
-0.2%
Brownhelm Township
-7.6%

Housing Supply in Brownhelm Township, OH

How many homes are available in Brownhelm Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2218-18.2%

Summary: The Brownhelm Township real estate market had 18 homes for sale in February 2024, a 18.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 138
-38.5%
4 54
-20.0%
5+ 22
0.0%

Summary: The Brownhelm Township housing inventory by bedroom type for February 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 38.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brownhelm Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Brownhelm Township in February 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Brownhelm Township, OH

How long does it take to sell a home in Brownhelm Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days46 Days+21.3%

Summary: Homes in Brownhelm Township had an average of 46 days on market in Feb 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Brownhelm Township has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Brownhelm Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Brownhelm Township, OH

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