Is Brownhelm Township, 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, Brownhelm Township has remained a Seller's Market.
Key Takeaway
Brownhelm Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brownhelm Township, OH
How much do homes in Brownhelm Township, OH cost?
Median Sold Price
$225,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brownhelm Township have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Brownhelm Township was $225,000 in May 2024, down 6.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $189.9K | +99.9% |
| 2 Bedrooms | $158K | $160K | +1.3% |
| 3 Bedrooms | $239.9K | $195K | -18.7% |
| 4 Bedrooms | $290K | $347K | +19.7% |
| 5+ Bedrooms | $550K | $437.5K | -20.5% |
Summary: Brownhelm Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 20.5%.
Housing Supply in Brownhelm Township, OH
How many homes are available in Brownhelm Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Brownhelm Township real estate market had 29 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brownhelm Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brownhelm Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Brownhelm Township in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Brownhelm Township, OH
How long does it take to sell a home in Brownhelm Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 35 Days | -29.5% |
Summary: Homes in Brownhelm Township had an average of 35 days on market in May 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brownhelm Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Brownhelm Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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