Is Broadview Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Broadview Heights has remained a Seller's Market.
Key Takeaway
Broadview Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadview Heights, OH
How much do homes in Broadview Heights, OH cost?
Median Sold Price
$344,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Broadview Heights have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Broadview Heights was $344,000 in May 2024, up 19.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $122K | +25.1% |
| 2 Bedrooms | $179.9K | $235.6K | +31.0% |
| 3 Bedrooms | $295K | $309K | +4.7% |
| 4 Bedrooms | $422.5K | $430.2K | +1.8% |
| 5+ Bedrooms | $487.7K | $585K | +19.9% |
Summary: Broadview Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Broadview Heights | $288K | $344K | +19.4% |
| Seven Hills | $255.2K | $290K | +13.6% |
| Hinckley | $412.5K | $467.9K | +13.4% |
| North Royalton | $285K | $294.8K | +3.4% |
| Brecksville | $375.3K | $372.5K | -0.8% |
Housing Supply in Broadview Heights, OH
How many homes are available in Broadview Heights, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The Broadview Heights real estate market had 53 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Broadview Heights housing inventory by bedroom type for May 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 4.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadview Heights, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Broadview Heights in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Broadview Heights, OH
How long does it take to sell a home in Broadview Heights, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +12.1% |
Summary: Homes in Broadview Heights had an average of 16 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadview Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Broadview Heights; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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