Is Hinckley Township, 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, Hinckley Township has remained a Seller's Market.
Key Takeaway
Hinckley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hinckley Township, OH
How much do homes in Hinckley Township, OH cost?
Median Sold Price
$470,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hinckley Township have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Hinckley Township was $470,000 in March 2024, up 14.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $229.1K | N/A |
| 3 Bedrooms | $339K | $350K | +3.2% |
| 4 Bedrooms | $450K | $500K | +11.1% |
| 5+ Bedrooms | $663.5K | $555K | -16.4% |
Summary: Hinckley Township 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 did not change, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Hinckley Township | $410K | $470K | +14.6% |
| Hinckley | $410K | $470K | +14.6% |
| Broadview Heights | $294.5K | $330.3K | +12.2% |
| Granger Township | $485K | $492.5K | +1.5% |
| North Royalton | $285K | $285K | 0.0% |
Housing Supply in Hinckley Township, OH
How many homes are available in Hinckley Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Summary: The Hinckley Township real estate market had 14 homes for sale in March 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hinckley Township 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinckley Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Hinckley Township in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Hinckley Township, OH
How long does it take to sell a home in Hinckley Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 39 Days | -22.0% |
Summary: Homes in Hinckley Township had an average of 39 days on market in Mar 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hinckley Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Hinckley Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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