Is Berlin Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berlin Heights is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Berlin Heights has remained a Seller's Market.

Key Takeaway

Berlin Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Berlin Heights, OH

How much do homes in Berlin Heights, OH cost?

Median Sold Price

$285,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$83,000(+41.1%)

Key Takeaway

Homes in Berlin Heights have sold for 41.1% more than they did a year ago.

Summary: The median home sold price in Berlin Heights was $285,000 in November 2024, up 41.1% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $115.9K$190K
+63.9%
3 $220K$275K
+25.0%
4 $250K$295K
+18.0%
5+ -$370K
N/A

Summary: Berlin Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 18%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Berlin Heights
+41.1%
Berlin Township
+36.5%

Housing Supply in Berlin Heights, OH

How many homes are available in Berlin Heights, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Berlin Heights real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 22
0.0%
5+ 33
0.0%

Summary: The Berlin Heights 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Berlin Heights in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Berlin Heights, OH

How long does it take to sell a home in Berlin Heights, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
85 Days74 Days-12.8%

Summary: Homes in Berlin Heights had an average of 74 days on market in Nov 2024, down by 12.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Berlin Heights has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Berlin Heights; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Berlin Heights, OH

Nearby Markets to Berlin Heights, OH