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 neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Berlin Heights was a Seller's Market.

Key Takeaway

Berlin Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Berlin Heights, OH

How much do homes in Berlin Heights, OH cost?

Median Sold Price

$305,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$125,000(+69.4%)

Key Takeaway

Homes in Berlin Heights have sold for 69.4% more than they did a year ago.

Summary: The median home sold price in Berlin Heights was $305,000 in October 2024, up 69.4% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $128.9K$130K
+0.9%
3 $185K$315K
+70.3%
4 $219K$365K
+66.7%
5+ --
N/A

Summary: Berlin Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 70.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Berlin Heights
+69.4%
Berlin Township
+51.5%

Housing Supply in Berlin Heights, OH

How many homes are available in Berlin Heights, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The Berlin Heights real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 23
+50.0%
4 12
+100.0%
5+ 22
0.0%

Summary: The Berlin Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Berlin Heights in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2023Oct 2024CHANGE
31 Days3 Days-90.3%

Summary: Homes in Berlin Heights had an average of 3 days on market in Oct 2024, down by 90.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berlin Heights are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Berlin Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Berlin Heights, OH

Nearby Markets to Berlin Heights, OH