Is Pepper Pike, 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, Pepper Pike has remained a Seller's Market.
Housing Prices in Pepper Pike, OH
How much do homes in Pepper Pike, OH cost?
Median Sold Price
$650,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pepper Pike was $650,000 in March 2024, up 7.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $550K | $312.5K | -43.2% |
3 Bedrooms | $523.7K | $625K | +19.3% |
4 Bedrooms | $615K | $630K | +2.4% |
5+ Bedrooms | $705.5K | $797.5K | +13.0% |
Summary: Pepper Pike 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 decreased by 43.2%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Mayfield Heights | $195K | $215K | +10.3% |
Pepper Pike | $605K | $650K | +7.4% |
Beachwood | $389.5K | $413.2K | +6.1% |
Lyndhurst | $205.9K | $215K | +4.4% |
Housing Supply in Pepper Pike, OH
How many homes are available in Pepper Pike, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Pepper Pike real estate market had 35 homes for sale in March 2024, a 6.1% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Pepper Pike 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 increased by 28.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Pepper Pike in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Pepper Pike, OH
How long does it take to sell a home in Pepper Pike, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 62 Days | +12.2% |
Summary: Homes in Pepper Pike had an average of 62 days on market in Mar 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Pepper Pike; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.