Is Brunswick, 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, Brunswick has remained a Seller's Market.
Key Takeaway
Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brunswick, OH
How much do homes in Brunswick, OH cost?
Median Sold Price
$302,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brunswick have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Brunswick was $302,000 in May 2024, up 12.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $81.5K | +8.7% |
| 2 Bedrooms | $185K | $196.5K | +6.2% |
| 3 Bedrooms | $257.9K | $279.9K | +8.5% |
| 4 Bedrooms | $334.9K | $360K | +7.5% |
| 5+ Bedrooms | $550K | $432K | -21.5% |
Summary: Brunswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Hinckley Township | $412.5K | $467.9K | +13.4% |
| Hinckley | $412.5K | $467.9K | +13.4% |
| Brunswick | $269.2K | $302K | +12.2% |
| Strongsville | $296.9K | $320K | +7.8% |
| Brunswick Hills Township | $327.5K | $333K | +1.7% |
Housing Supply in Brunswick, OH
How many homes are available in Brunswick, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 121 | +14.2% |
Summary: The Brunswick real estate market had 121 homes for sale in May 2024, a 14.2% 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 | 23 | 20 | -13.0% |
| 3 Bedrooms | 50 | 64 | +28.0% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brunswick 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 decreased by 13%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brunswick, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Brunswick in May 2024, down by 8.1% month-over-month. Of the 34 sold homes, 26% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for Brunswick, OH
How long does it take to sell a home in Brunswick, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -8.2% |
Summary: Homes in Brunswick had an average of 17 days on market in May 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Brunswick; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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