$5,047 Closing Credit*
$425,000
2,698 SqFt
4 Beds
•3 Full Baths
Erin Dorsey Robinson, Listing Office: Keller Williams Greater Cleveland Northeast
Is Beachwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$377,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$33,000(-8.0%)
Key Takeaway
Homes in Beachwood have sold for 8% less than they did a year ago.
Summary: The median home sold price in Beachwood was $377,000 in November 2024, down 8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $160K | +6.0% |
| 2 Bedrooms | $365K | $254.2K | -30.3% |
| 3 Bedrooms | $380K | $350K | -7.9% |
| 4 Bedrooms | $449.9K | $485K | +7.8% |
| 5+ Bedrooms | $605K | $625K | +3.3% |
Summary: Beachwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 30.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Pepper Pike | $630K | $725K | +15.1% |
| University Heights | $250K | $276.6K | +10.7% |
| Lyndhurst | $215K | $215K | 0.0% |
| Beachwood | $410K | $377K | -8.0% |
Housing Supply in Beachwood, OH
How many homes are available in Beachwood, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 71 | -11.3% |
Summary: The Beachwood real estate market had 71 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Beachwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
9 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. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Beachwood in November 2024, up by 7.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -3.7% |
Summary: Homes in Beachwood had an average of 39 days on market in Nov 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Beachwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Beachwood; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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