$5,522 Closing Credit*
$465,000
4,493 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jake Lohser, Listing Office: Keller Williams Greater Metropolitan
Is Beachwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Beachwood has remained a Seller's Market.
Key Takeaway
Beachwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beachwood, OH
How much do homes in Beachwood, OH cost?
Median Sold Price
$380,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$30,000(-7.3%)
Key Takeaway
Homes in Beachwood have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Beachwood was $380,000 in December 2024, down 7.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $160K | +6.0% |
| 2 Bedrooms | $357.5K | $290K | -18.9% |
| 3 Bedrooms | $385K | $347.7K | -9.7% |
| 4 Bedrooms | $451.2K | $477.5K | +5.8% |
| 5+ Bedrooms | $610K | $685K | +12.3% |
Summary: Beachwood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Pepper Pike | $631.5K | $712K | +12.7% |
| University Heights | $257K | $280K | +8.9% |
| Lyndhurst | $210K | $219.9K | +4.7% |
| Beachwood | $410K | $380K | -7.3% |
Housing Supply in Beachwood, OH
How many homes are available in Beachwood, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 74 | 61 | -17.6% |
Summary: The Beachwood real estate market had 61 homes for sale in December 2024, a 17.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 19 | 11 | -42.1% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Beachwood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 42.1%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beachwood, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Beachwood in December 2024, up by 29.4% month-over-month. Of the 22 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Beachwood, OH
How long does it take to sell a home in Beachwood, OH?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 52 Days | -8.5% |
Summary: Homes in Beachwood had an average of 52 days on market in Dec 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beachwood are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 22 homes were sold in Beachwood; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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