Broadview Heights, OH 44147 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market indicator, the median sold price, is 380,000, which provides the most reliable recent transaction-level valuation and contrasts with the higher median listing price of 625,000, suggesting elevated seller expectations relative to realized sales.
2. Market-wide signals show a market temperature of hot and a price year-over-year trend that is up, indicating demand-driven appreciation is supporting asking-price strength and ongoing upward pressure on valuations; hot market conditions are present.
3. Liquidity characteristics point to slower sales velocity: the median days on market is 314, which appears to reflect pricing friction and protracted time-to-contract rather than a complete lack of buyer interest; sellers and agents should account for this when setting or adjusting list prices and negotiation strategies, slower sales velocity.
4. Fundamental unit economics show a median price per square foot of 196 and a median market rent of 1,250; with interest rate pressure labeled moderate, financing conditions may act as a cautionary constraint on some buyers—monitor rate trends for near-term shifts in buyer capacity and pricing responsiveness, moderate.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.