Is Brimfield Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brimfield Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Brimfield Township was a Seller's Market.

Key Takeaway

Brimfield Township 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 Brimfield Township, OH

How much do homes in Brimfield Township, OH cost?

Median Sold Price

$275,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,000(+13.2%)

Key Takeaway

Homes in Brimfield Township have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Brimfield Township was $275,000 in October 2024, up 13.2% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $125K$138K
+10.4%
3 $249K$230.8K
-7.3%
4 $336.6K$360K
+6.9%
5+ $264.4K$519K
+96.3%

Summary: Brimfield Township 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 10.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 96.3%.

Median Sold Price Compared To Nearby Cities

Brimfield Township
+13.2%
Kent
+9.2%
Mogadore
+8.9%
Franklin Township
+5.9%
Tallmadge
+5.0%

Housing Supply in Brimfield Township, OH

How many homes are available in Brimfield Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3943+10.3%

Summary: The Brimfield Township real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1921
+10.5%
4 1011
+10.0%
5+ 54
-20.0%

Summary: The Brimfield Township 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 increased by 40%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brimfield Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Brimfield Township in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Brimfield Township, OH

How long does it take to sell a home in Brimfield Township, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days24 Days+21.4%

Summary: Homes in Brimfield Township had an average of 24 days on market in Oct 2024, up by 21.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Brimfield Township; 71% of homes were sold within 30 days, 29% 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 13 Days Ago

Newest Listings in Brimfield Township, OH

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