Is Hinckley, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinckley is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Hinckley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hinckley, OH

How much do homes in Hinckley, OH cost?

Median Sold Price

$479,900

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,000(+0.2%)

Key Takeaway

The sold price of homes in Hinckley has remained the same since last year.

Summary: The median home sold price in Hinckley was $479,900 in October 2024, up 0.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $226K$335K
+48.2%
3 $359.8K$346.5K
-3.7%
4 $487.5K$543K
+11.4%
5+ $575K$760K
+32.2%

Summary: Hinckley 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 48.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 32.2%.

Median Sold Price Compared To Nearby Cities

Brunswick
+10.1%
North Royalton
+5.3%
Hinckley
0.2%
Hinckley Township
0.2%
Brunswick Hills Township
-7.8%

Housing Supply in Hinckley, OH

How many homes are available in Hinckley, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2520-20.0%

Summary: The Hinckley real estate market had 20 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 119
-18.2%
5+ 43
-25.0%

Summary: The Hinckley 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was 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 Hinckley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Hinckley in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Hinckley, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days7 Days-72.2%

Summary: Homes in Hinckley had an average of 7 days on market in Oct 2024, down by 72.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Hinckley are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Hinckley; 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 23 Days Ago

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