Is Bainbridge Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bainbridge Township has remained a Seller's Market.
Housing Prices in Bainbridge Township, OH
How much do homes in Bainbridge Township, OH cost?
Median Sold Price
$454,950
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bainbridge Township was $454,950 in April 2024, up 7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170.5K | N/A |
2 Bedrooms | $197K | $215K | +9.1% |
3 Bedrooms | $315K | $320K | +1.6% |
4 Bedrooms | $450K | $600K | +33.3% |
5+ Bedrooms | $740K | $737K | -0.4% |
Summary: Bainbridge Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
South Russell | $395K | $512.4K | +29.7% |
Chagrin Falls Township | $455.6K | $540.7K | +18.7% |
Chagrin Falls | $456.2K | $540.7K | +18.5% |
Chagrin Falls | $455K | $538K | +18.2% |
Bainbridge Township | $425K | $454.9K | +7.0% |
Housing Supply in Bainbridge Township, OH
How many homes are available in Bainbridge Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 46 | +2.2% |
Summary: The Bainbridge Township real estate market had 46 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Bainbridge Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bainbridge Township in April 2024, down by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Bainbridge Township, OH
How long does it take to sell a home in Bainbridge Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 13 Days | -78.3% |
Summary: Homes in Bainbridge Township had an average of 13 days on market in Apr 2024, down by 78.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Bainbridge Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.