Is Brookpark, 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, Brookpark has remained a Seller's Market.
Key Takeaway
Brookpark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookpark, OH
How much do homes in Brookpark, OH cost?
Median Sold Price
$209,950
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookpark have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Brookpark was $209,950 in April 2024, up 13.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.2K | $175K | +30.4% |
| 3 Bedrooms | $190K | $210K | +10.5% |
| 4 Bedrooms | $192K | $222.5K | +15.9% |
| 5+ Bedrooms | $103.5K | $228K | +120.3% |
Summary: Brookpark 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 30.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 120.3%.
Median Sold Price Compared To Nearby Cities
| Berea | $196K | $228K | +16.3% |
| Brookpark | $185K | $209.9K | +13.5% |
| Brook Park | $185K | $209.9K | +13.5% |
| Fairview Park | $250K | $257.9K | +3.2% |
| Middleburg Heights | $245K | $250K | +2.0% |
Housing Supply in Brookpark, OH
How many homes are available in Brookpark, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Summary: The Brookpark real estate market had 51 homes for sale in April 2024, a 8.9% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 40 | 35 | -12.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Brookpark 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookpark, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Brookpark in April 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Brookpark, OH
How long does it take to sell a home in Brookpark, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +56.5% |
Summary: Homes in Brookpark had an average of 35 days on market in Apr 2024, up by 56.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookpark are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Brookpark; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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