Is Hinckley Township, 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, Hinckley Township has remained a Seller's Market.
Key Takeaway
Hinckley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hinckley Township, OH
How much do homes in Hinckley Township, OH cost?
Median Sold Price
$467,900
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hinckley Township have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Hinckley Township was $467,900 in May 2024, up 13.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212K | $240K | +13.2% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $490K | $483.4K | -1.3% |
| 5+ Bedrooms | $690K | $570K | -17.4% |
Summary: Hinckley Township 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 13.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Granger Township | $425K | $515K | +21.2% |
| Broadview Heights | $288K | $344K | +19.4% |
| Hinckley Township | $412.5K | $467.9K | +13.4% |
| Hinckley | $412.5K | $467.9K | +13.4% |
| North Royalton | $285K | $294.8K | +3.4% |
Housing Supply in Hinckley Township, OH
How many homes are available in Hinckley Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Hinckley Township real estate market had 20 homes for sale in May 2024, a 17.6% 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 | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Hinckley Township 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 remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinckley Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hinckley Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hinckley Township, OH
How long does it take to sell a home in Hinckley Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 60 Days | +43.3% |
Summary: Homes in Hinckley Township had an average of 60 days on market in May 2024, up by 43.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hinckley Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Hinckley Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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