$3,859 Closing Credit*
$325,000
2,098 SqFt
2 Beds
•1 Full Bath, 1 Partial
Anthony J Colantuono, Listing Office: RE/MAX Above & Beyond
Is Brecksville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Brecksville has remained a Seller's Market.
Key Takeaway
Brecksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brecksville, OH
How much do homes in Brecksville, OH cost?
Median Sold Price
$387,400
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,400(+1.9%)
Key Takeaway
Homes in Brecksville have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Brecksville was $387,400 in October 2024, up 1.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $88.7K | -2.5% |
| 2 Bedrooms | $175K | $190K | +8.6% |
| 3 Bedrooms | $325K | $336.8K | +3.6% |
| 4 Bedrooms | $475K | $560K | +17.9% |
| 5+ Bedrooms | $610K | $571.5K | -6.3% |
Summary: Brecksville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Independence | $287K | $335K | +16.7% |
| Sagamore Hills Township | $255.4K | $279.9K | +9.6% |
| Brecksville | $380K | $387.4K | +1.9% |
| Broadview Heights | $326.2K | $325K | -0.4% |
Housing Supply in Brecksville, OH
How many homes are available in Brecksville, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Brecksville real estate market had 46 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Brecksville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brecksville, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Brecksville in October 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Brecksville, OH
How long does it take to sell a home in Brecksville, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -13.6% |
Summary: Homes in Brecksville had an average of 26 days on market in Oct 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brecksville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Brecksville; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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