Is Pepper Pike, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pepper Pike was a Seller's Market.
Housing Prices in Pepper Pike, OH
How much do homes in Pepper Pike, OH cost?
Median Sold Price
$650,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pepper Pike was $650,000 in April 2024, up 7.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $550K | $312.5K | -43.2% |
3 Bedrooms | $512.5K | $625K | +22.0% |
4 Bedrooms | $605K | $623.5K | +3.1% |
5+ Bedrooms | $800K | $762.5K | -4.7% |
Summary: Pepper Pike 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 decreased by 43.2%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Mayfield Heights | $193K | $217.2K | +12.6% |
Pepper Pike | $605K | $650K | +7.4% |
Beachwood | $385.5K | $410K | +6.4% |
Lyndhurst | $207.8K | $215K | +3.4% |
Housing Supply in Pepper Pike, OH
How many homes are available in Pepper Pike, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 30 | -16.7% |
Summary: The Pepper Pike real estate market had 30 homes for sale in April 2024, a 16.7% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Pepper Pike 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 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Pepper Pike in April 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
153 Days | 63 Days | -58.8% |
Summary: Homes in Pepper Pike had an average of 63 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
0 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, 1 homes were sold in Pepper Pike; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.