Is Beachwood, 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, Beachwood has remained a Seller's Market.
Housing Prices in Beachwood, OH
How much do homes in Beachwood, OH cost?
Median Sold Price
$410,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beachwood was $410,000 in April 2024, up 6.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $151K | N/A |
2 Bedrooms | $293K | $327K | +11.6% |
3 Bedrooms | $325.5K | $377K | +15.8% |
4 Bedrooms | $416K | $451.2K | +8.5% |
5+ Bedrooms | $655K | $605K | -7.6% |
Summary: Beachwood 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 11.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
University Heights | $230K | $265K | +15.2% |
Pepper Pike | $605K | $650K | +7.4% |
Beachwood | $385.5K | $410K | +6.4% |
Lyndhurst | $207.8K | $215K | +3.4% |
Housing Supply in Beachwood, OH
How many homes are available in Beachwood, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 79 | +12.9% |
Summary: The Beachwood real estate market had 79 homes for sale in April 2024, a 12.9% 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 | 11 | 15 | +36.4% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Beachwood 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 increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Beachwood in April 2024, up by 76.9% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for Beachwood, OH
How long does it take to sell a home in Beachwood, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 26 Days | -9.1% |
Summary: Homes in Beachwood had an average of 26 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Beachwood; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.