Is Broadview Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broadview Heights has remained a Seller's Market.
Housing Prices in Broadview Heights, OH
How much do homes in Broadview Heights, OH cost?
Median Sold Price
$334,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broadview Heights was $334,000 in April 2024, up 17.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $122K | +28.4% |
2 Bedrooms | $175K | $237.3K | +35.6% |
3 Bedrooms | $292.6K | $300K | +2.5% |
4 Bedrooms | $457.4K | $385K | -15.8% |
5+ Bedrooms | $500K | $585K | +17.0% |
Summary: Broadview Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
Broadview Heights | $285K | $334K | +17.2% |
Hinckley | $415K | $460K | +10.8% |
Seven Hills | $264K | $288.5K | +9.3% |
North Royalton | $279.6K | $295.1K | +5.5% |
Brecksville | $375K | $355K | -5.3% |
Housing Supply in Broadview Heights, OH
How many homes are available in Broadview Heights, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Summary: The Broadview Heights real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadview Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Broadview Heights in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Broadview Heights, OH
How long does it take to sell a home in Broadview Heights, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -27.4% |
Summary: Homes in Broadview Heights had an average of 18 days on market in Apr 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Broadview Heights; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.