Is Brook Park, 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, Brook Park has remained a Seller's Market.
Housing Prices in Brook Park, OH
How much do homes in Brook Park, OH cost?
Median Sold Price
$210,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brook Park was $210,000 in May 2024, up 13.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137.5K | $175K | +27.3% |
3 Bedrooms | $190K | $210K | +10.5% |
4 Bedrooms | $192K | $221.2K | +15.2% |
5+ Bedrooms | $103.5K | $233.5K | +125.6% |
Summary: Brook Park 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 27.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 125.6%.
Median Sold Price Compared To Nearby Cities
Berea | $195.7K | $233.4K | +19.3% |
Brook Park | $185K | $210K | +13.5% |
Brookpark | $185K | $210K | +13.5% |
Fairview Park | $248.5K | $258K | +3.8% |
Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Brook Park, OH
How many homes are available in Brook Park, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Brook Park real estate market had 52 homes for sale in May 2024, a 2.0% 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 | 34 | 38 | +11.8% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Brook Park 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 11.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Brook Park in May 2024, up by 21.1% month-over-month. Of the 23 sold homes, 30% were sold under asking, 4% were sold at asking, and 65% were sold over asking.
Days on Market for Brook Park, OH
How long does it take to sell a home in Brook Park, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 34 Days | +95.4% |
Summary: Homes in Brook Park had an average of 34 days on market in May 2024, up by 95.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Brook Park; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.