Is Pepper Pike, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pepper Pike was a Neutral Market.
Housing Prices in Pepper Pike, OH
How much do homes in Pepper Pike, OH cost?
Median Sold Price
$650,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pepper Pike was $650,000 in May 2024, up 7.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $550K | $312.5K | -43.2% |
3 Bedrooms | $503.5K | $637.5K | +26.6% |
4 Bedrooms | $620K | $630K | +1.6% |
5+ Bedrooms | $862.5K | $795K | -7.8% |
Summary: Pepper Pike 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 decreased by 43.2%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
Mayfield Heights | $192K | $217.7K | +13.4% |
Pepper Pike | $605K | $650K | +7.4% |
Lyndhurst | $207.8K | $215K | +3.4% |
Beachwood | $405K | $395K | -2.5% |
Housing Supply in Pepper Pike, OH
How many homes are available in Pepper Pike, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Pepper Pike real estate market had 38 homes for sale in May 2024, a 11.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Pepper Pike 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 decreased by 11.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Pepper Pike in May 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Pepper Pike, OH
How long does it take to sell a home in Pepper Pike, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +30.7% |
Summary: Homes in Pepper Pike had an average of 28 days on market in May 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Pepper Pike; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.