$2,850 Closing Credit*
$240,000
1,536 SqFt
3 Beds
•2 Full Baths
Robert J Cole, Listing Office: RE/MAX Above & Beyond
Is Brook Park, 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, Brook Park has remained a Seller's Market.
Key Takeaway
Brook Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brook Park, OH
How much do homes in Brook Park, OH cost?
Median Sold Price
$210,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,333(+7.3%)
Key Takeaway
Homes in Brook Park have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Brook Park was $210,000 in October 2024, up 7.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158K | $170K | +7.6% |
| 3 Bedrooms | $198K | $210K | +6.1% |
| 4 Bedrooms | $222.5K | $224.9K | +1.1% |
| 5+ Bedrooms | $204.5K | $226.5K | +10.8% |
Summary: Brook Park 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 7.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Berea | $211.1K | $235K | +11.3% |
| Fairview Park | $249.5K | $275K | +10.2% |
| Brookpark | $195K | $210K | +7.7% |
| Brook Park | $195.6K | $210K | +7.3% |
| Middleburg Heights | $243.7K | $254.2K | +4.3% |
Housing Supply in Brook Park, OH
How many homes are available in Brook Park, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Brook Park real estate market had 44 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 31 | 27 | -12.9% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brook Park 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 100%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brook Park, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Brook Park in October 2024, down by 35.0% month-over-month. Of the 13 sold homes, 8% were sold under asking, 46% were sold at asking, and 46% were sold over asking.
Days on Market for Brook Park, OH
How long does it take to sell a home in Brook Park, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -26.7% |
Summary: Homes in Brook Park had an average of 12 days on market in Oct 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brook Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Brook Park; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.