Is Broadview Heights, 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, 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
$344,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broadview Heights was $344,000 in May 2024, up 19.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.5K | $122K | +25.1% |
2 Bedrooms | $179.9K | $235.6K | +31.0% |
3 Bedrooms | $295K | $309K | +4.7% |
4 Bedrooms | $422.5K | $430.2K | +1.8% |
5+ Bedrooms | $487.7K | $585K | +19.9% |
Summary: Broadview Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
Broadview Heights | $288K | $344K | +19.4% |
Seven Hills | $255.2K | $290K | +13.6% |
Hinckley | $412.5K | $467.9K | +13.4% |
North Royalton | $285K | $294.8K | +3.4% |
Brecksville | $375.3K | $372.5K | -0.8% |
Housing Supply in Broadview Heights, OH
How many homes are available in Broadview Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Summary: The Broadview Heights real estate market had 53 homes for sale in May 2024, a 17.8% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 24 | 25 | +4.2% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Broadview Heights 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 4.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Broadview Heights in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 16 Days | +12.1% |
Summary: Homes in Broadview Heights had an average of 16 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Broadview Heights; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.