$150,000
659 Wesley Dr
Berea, OH
2 bd1 ba754 sqft$199/ft²
House7,401 sqft lot
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Compass Real Estate · Berea, OH
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Berea, OH Housing Market
Seller's market+3.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Berea, OH is worth $244,814, rose 3.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $241,500, -7.1% year over year (through May 2026). With 0.7 months of supply and homes going under contract in about 29 days, Berea is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $244,814 home is about $1,307/mo in principal and interest.
Key numbers for Berea, OH
Typical home value
$244,814
+3.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,320/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$241,500
-7.1% year over year
Redfin, through May 2026
Days on market
29
Average pace
Redfin, through May 2026
Active listings
13
0.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$71,896
Home costs 3.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.9%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Berea a buyer's or seller's market?
Seller's market0.7 months of supply29 days on market99.9% of asking
Berea, OH is a seller's market, based on 0.7 months of supply and homes selling in about 29 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Berea housing market data show?
Every row below is Redfin's final published month for Berea, OH. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $241,500 |
| Median list price | $267,000 |
| Year-over-year price change | -7.1% |
| Median price per sq ft | $161/sq ft |
| Median days on market | 29 days |
| Active inventory | 13 listings |
| Months of supply | 0.7 months |
| Sale-to-list price ratio | 99.9% |
| Homes sold (that month) | 18 |
| New listings (that month) | 27 |
| Listings with a price cut | 30.8% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Berea is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Berea is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Berea home prices moved?
Over the last three years the median sale price in Berea, OH rose 20.8%, from $200,000 to $241,500. The live Zillow value series has rose 3.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.8% of Berea listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 0.7 months while the sale-to-list ratio slips below its current 99.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Berea?
Priced off the typical home value of $244,814 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $48,963 | $195,851 | $1,307/mo |
| 5% | $12,241 | $232,573 | $1,552/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,307, that implies roughly $56,012 a year before you add taxes and insurance. The median household in Berea earns $71,896, about $15,884 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Berea in the next 12 months?
Tell us your timeline. We send the Berea market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Berea?
Typical asking rent in Berea, OH is $1,320/mo, against a typical home value of $244,814. That is a price-to-rent ratio of 15.5x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,307 a month — $13 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Berea?
Active listings in Berea, OH went from 19 in May 2025 to 13 in May 2026, a -31.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 26 | 35 |
| July 2025 | 33 | 27 |
| August 2025 | 29 | 23 |
| September 2025 | 26 | 13 |
| October 2025 | 27 | 25 |
| November 2025 | 17 | 12 |
| December 2025 | 15 | 9 |
| January 2026 | 21 | 21 |
| February 2026 | 14 | 12 |
| March 2026 | 8 | 10 |
| April 2026 | 16 | 20 |
| May 2026 | 13 | 27 |
Redfin, through May 2026
How does Berea compare to Ohio and the U.S.?
Berea homes sell for $241,500 — 15% below the Ohio median of $282,600. Against the national median of $410,700, Berea runs 41% lower. Year-over-year, Berea moved -7.1% against Ohio's +5.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Berea, OH | $241,500 | -7.1% | 29 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Berea
What buyers should watch
- Months of supply, currently 0.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $245 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $244,814 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Berea listing goes under contract in 29 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Berea added 27 new listings against 18 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Berea varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Berea
There are currently 13 homes listed for sale in Berea, Ohio. The median listing price is $267K. Featured listings range from $150,000 to $479,900.
$169,900
53 Greenfield Ct
Berea, OH
2 bd1 ba840 sqft$202/ft²
Condo3,990 sqft lot
View photos & details
$229,900
487 Bridle Ln
Berea, OH
3 bd1 ba948 sqft$243/ft²
House12,502 sqft lot
View photos & details
$254,900
100 River Rock Way
Berea, OH
3 bd3 ba1,756 sqft$145/ft²
Townhouse3,846 sqft lot
View photos & details
$257,500
347 Beeler Dr
Berea, OH
3 bd2 ba1,928 sqft$134/ft²
House8,891 sqft lot
View photos & details
$274,900
516 Fair St
Berea, OH
3 bd2 ba2,288 sqft$120/ft²
House8,268 sqft lot
View photos & details
$286,900
584 Eastland Rd
Berea, OH
4 bd3 ba2,200 sqft$130/ft²
House14,248 sqft lot
View photos & details
$294,900
143 Baker St
Berea, OH
3 bd2 ba1,356 sqft$217/ft²
House7,841 sqft lot
View photos & details
$310,000
7640 S Eastland Rd
Berea, OH
0 sqft0
Land4.02 acres
View photos & details
$425,000
147 Stone Ridge Way
Berea, OH
4 bd4 ba3,726 sqft$114/ft²
House9,453 sqft lot
View photos & details
$440,000
132 Stonefield Dr
Berea, OH
3 bd3 ba3,724 sqft$118/ft²
House15,682 sqft lot
View photos & details
$479,900
57 Riverside Dr
Berea, OH
3 bd4 ba2,153 sqft$223/ft²
Townhouse1,307 sqft lot
View photos & details
Looking to buy in Berea?
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Active listings
13
Homes on market
Median list price
$267K
Avg. days on market
29
Days until sale
New this week
27
Newly listed
Price drops:30.8%of listings
Sale-to-list:99.9%
How much do homes cost in Berea by property type?
How the Berea, OH market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $260,000 | $163/sq ft | 15 | 31 days |
| Condo / co-op | $165,000 | $153/sq ft | 3 | 11 days |
| Townhouse | $359,950 | $197/sq ft | 2 | 12 days |
Who lives in Berea?
American Community Survey estimates for Berea. U.S. Census ACS, 2023
Population
18,330
Households
6,995
Median income
$71,896/yr
Median age
35.5 years
Owner-occupied
73.1%
Median home value
$187,600
Median gross rent
$981/mo
Mean commute
23.1 min
73.1% of occupied homes in Berea are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $187,600 against Zillow's $244,814 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $981/mo, below Zillow's $1,320/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Berea?
2 schools tracked · 2,485 students
The largest public schools serving Berea, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Berea-Midpark High School
Grades 9-12 · 1,821 students
Grindstone Elementary School
Grades PK-4 · 664 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Berea, OH?
Ordered by distance from Berea, not by size. Compare Berea side by side with any of them.
Berea housing market FAQ
Is Berea a buyer's or seller's market?
Berea, OH is currently a seller's market. That read comes from 0.7 months of supply, homes going under contract in about 29 days, and sellers getting 99.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Berea?
The typical home in Berea, OH is worth $244,814 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $241,500, about $161 per square foot.
Is Berea cheaper than the rest of Ohio?
Berea's median sale price of $241,500 is 15% lower than the Ohio statewide median of $282,600, and 41% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Berea?
Homes in Berea, OH spent a median of 29 days on market before going under contract, versus 36 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Berea?
At the current 30-year fixed rate of 7.03%, 20% down on a $244,814 home is about $1,307 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $56,012 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $71,896.
Are home prices rising in Berea?
The typical home value in Berea, OH rose 3.2% over the last 12 months, from $237,123 to $244,814 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Berea?
Berea ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Berea?
That depends on your timeline, not on a headline. What the data says today: Berea, OH is a seller's market with 0.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 15.5x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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