Is Bedford, 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, Bedford has remained a Seller's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, OH
How much do homes in Bedford, OH cost?
Median Sold Price
$175,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bedford have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Bedford was $175,000 in May 2024, up 16.7% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.2K | $75K | +22.5% |
| 2 Bedrooms | $105K | $122.5K | +16.7% |
| 3 Bedrooms | $147K | $175K | +19.0% |
| 4 Bedrooms | $177K | $189.4K | +7.1% |
| 5+ Bedrooms | $178K | $222.5K | +25.0% |
Summary: Bedford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $295K | $350K | +18.6% |
| Bedford | $150K | $175K | +16.7% |
| Maple Heights | $110K | $122.9K | +11.8% |
| Bedford Heights | $168K | $185K | +10.1% |
| Walton Hills | $275K | $279K | +1.5% |
Housing Supply in Bedford, OH
How many homes are available in Bedford, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The Bedford real estate market had 82 homes for sale in May 2024, a 9.3% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 48 | 52 | +8.3% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bedford 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Bedford in May 2024, down by 13.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Bedford, OH
How long does it take to sell a home in Bedford, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 30 Days | -10.6% |
Summary: Homes in Bedford had an average of 30 days on market in May 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Bedford; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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