Is Bremen, 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, Bremen has remained a Buyer's Market.
Key Takeaway
Bremen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bremen, OH
How much do homes in Bremen, OH cost?
Median Sold Price
$265,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bremen have sold for 43.2% more than they did a year ago.
Summary: The median home sold price in Bremen was $265,000 in May 2024, up 43.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167.5K | $225K | +34.3% |
| 3 Bedrooms | $199.9K | $245K | +22.6% |
| 4 Bedrooms | $470K | $300K | -36.2% |
| 5+ Bedrooms | $150K | - | N/A |
Summary: Bremen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bremen | $185.1K | $265K | +43.2% |
| Rush Creek Township | $271.4K | $295K | +8.7% |
Housing Supply in Bremen, OH
How many homes are available in Bremen, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Summary: The Bremen real estate market had 22 homes for sale in May 2024, a 46.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bremen 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 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bremen, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bremen in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Bremen, OH
How long does it take to sell a home in Bremen, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 19 Days | -84.4% |
Summary: Homes in Bremen had an average of 19 days on market in May 2024, down by 84.4% compared to last year.
Breakdown of Home Sale Times
2 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 Bremen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Bremen; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.