Is Brookpark, 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, Brookpark has remained a Seller's Market.
Key Takeaway
Brookpark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookpark, OH
How much do homes in Brookpark, OH cost?
Median Sold Price
$210,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brookpark have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Brookpark 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 | $194.7K | $221.2K | +13.6% |
| 5+ Bedrooms | $103.5K | $233.5K | +125.6% |
Summary: Brookpark 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 13.6%, and 5+ bedroom homes increased by 125.6%.
Median Sold Price Compared To Nearby Cities
| Berea | $195.7K | $233.4K | +19.3% |
| Brookpark | $185K | $210K | +13.5% |
| Brook Park | $185K | $210K | +13.5% |
| Fairview Park | $248.5K | $258K | +3.8% |
| Middleburg Heights | $247.5K | $250K | +1.0% |
Housing Supply in Brookpark, OH
How many homes are available in Brookpark, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Brookpark real estate market had 53 homes for sale in May 2024, a 3.9% 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 | 39 | +14.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Brookpark 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 14.7%, 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
Key Takeaway
If you're buying a home in Brookpark, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Brookpark 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 Brookpark, OH
How long does it take to sell a home in Brookpark, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +95.4% |
Summary: Homes in Brookpark 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
Key Takeaway
Many homes in Brookpark are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Brookpark; 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.
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