Is Bainbridge Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bainbridge Township has remained a Seller's Market.
Housing Prices in Bainbridge Township, OH
How much do homes in Bainbridge Township, OH cost?
Median Sold Price
$469,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bainbridge Township was $469,000 in May 2024, up 11.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170.5K | N/A |
2 Bedrooms | $183.7K | $239K | +30.1% |
3 Bedrooms | $312.5K | $320.7K | +2.6% |
4 Bedrooms | $450K | $607.5K | +35.0% |
5+ Bedrooms | $737K | $735K | -0.3% |
Summary: Bainbridge Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 35%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
South Russell | $390K | $510K | +30.8% |
Chagrin Falls | $451.2K | $541.3K | +20.0% |
Chagrin Falls Township | $451.1K | $541.3K | +20.0% |
Chagrin Falls | $450.6K | $539.6K | +19.8% |
Bainbridge Township | $420K | $469K | +11.7% |
Housing Supply in Bainbridge Township, OH
How many homes are available in Bainbridge Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 56 | +19.1% |
Summary: The Bainbridge Township real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Bainbridge Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Bainbridge Township in May 2024, up by 88.9% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Bainbridge Township, OH
How long does it take to sell a home in Bainbridge Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 54 Days | +136.3% |
Summary: Homes in Bainbridge Township had an average of 54 days on market in May 2024, up by 136.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Bainbridge Township; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.