Broadview Heights, OH 44147 Real Estate Market Report

ZIP Code: 44147
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Broadview Heights, OH, are approximately 6.37%, which is 0.5% higher than the sub-5.9% rates available to property owners in this market during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market signal is the median sold price of 384,000, which should be treated as the most reliable indicator of recent transaction value and market direction.

2. The median listing price of 489,000 sits well above the median sold price and may indicate seller expectations outpacing realized transaction values, creating pricing friction between asking and achieved prices.

3. Liquidity shows slower sales velocity given the median days on market of 290; however, the market remains characterized as hot by local indicators and the price year-over-year trend is up, suggesting that extended marketing times may reflect pricing adjustment processes rather than weak demand (hot and up).

4. Rents and financing context warrant caution for buyers and investors: the median market rent is 1,200 and the interest rate pressure metric is elevated—Current 30-year fixed mortgage rates in Broadview Heights, OH, are approximately 6.37%, which is 0.5% higher than the sub-5.9% rates available to property owners in this market during February 2026—factors that may temper buyer purchasing power while supporting rental demand as elevated interest rate pressure.

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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.

Broadview Heights, OH 44147 Real Estate Market Report

ZIP Code: 44147
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Broadview Heights, OH, are approximately 6.37%, which is 0.5% higher than the sub-5.9% rates available to property owners in this market during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the $172,450 median sold price, indicates recent transaction activity centers near this value and should be used as the baseline for appraisals and pricing decisions in Broadview Heights, OH.

2. Despite a relatively long 279 days median days on market, which suggests slower sales velocity, the market is characterized as hot, implying sellers can still achieve prices near the representative recent sale when pricing is realistic.

3. The $162 median price per square foot combined with an upward price year-over-year trend (up) supports continued price appreciation; sellers should align list prices to comparable sold transactions to avoid extended time on market.

4. With $1,200 median market rent and rent year-over-year trend up, rental demand appears supportive for buy-to-rent strategies, but elevated interest rate pressure (elevated) and current mortgage rates around 6.37% (about 0.5% above lower local options) may temper buyer financing capacity and should be factored into pricing and hold-vs-sell decisions.

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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.