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Featured local agent — Berea, OH

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Sarah Mitchell

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Compass Real Estate · Berea, OH

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Berea, OH(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Berea, OH Housing Market & Real Estate

Seller's market-7.1% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$241,500median sale price

How is the Berea, OH housing market right now?

The median home sale price in Berea, OH is $241,500, down 7.1% year-over-year. Homes sell in an average of 29 days with 13 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Berea a buyer's or seller's market?

Seller's market0.7 months of supply29 avg. days on market

Berea, OH is currently a seller's market, based on 0.7 months of supply and homes selling in about 29 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Average pace

Active listings

0.7 months supply

Sale-to-list

99.9%

Below asking

What does the Berea housing market data show?

Current housing market statistics for Berea, OH
Metric	Value
Median sale price	$241,500
Median list price	$267,000
Year-over-year price change	-7.1%
Average days on market	29 days
Active inventory	13 listings
Months of supply	0.7 months
Sale-to-list price ratio	99.9%
Median price per sq ft	$161/sq ft
Homes sold (latest month)	18
New listings (latest month)	27
Listings with a price cut	30.8%
Market condition	Seller's market

Source: Redfin · Updated monthly

How much do homes cost in Berea by property type?

How the Berea, OH market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Berea, OH
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

Source: Redfin · Updated monthly

The Berea housing market is currently classified as a seller's market with a median sale price of $241,500. Prices have fallen 7.1% compared to last year, with homes spending an average of 29 days on market, indicating 0.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.

Market trends

Townhouse1,307 sqft lot

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Active listings

Homes on market

Median list price

$267K

Avg. days on market

Days until sale

New this week

Newly listed

Price drops:30.8%of listings

Sale-to-list:99.9%

Who lives in Berea?

Population

18,330

Median income

$71,896/yr

Median age

35.5 years

Owner-occupied

73.1%

College grads

37.6%

Avg commute

23.1 min

Source: U.S. Census Bureau ACS

What are homes worth in Berea?

Zillow home value

$248,894

Zillow rent index

$1,221/mo

Price-to-rent ratio

17.0x

Price-to-income

3.5x

Source: Zillow Research

What is it like to live in Berea?

Berea is a community of approximately 18K residents with a median age of 35.5 years.The median household income is $71,896, which represents a working-class community with solid middle-income opportunities. 37.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 73.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Berea offers a balanced lifestyle with accessible home values relative to local income levels.

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

Public

Grindstone Elementary School

Grades PK-4 · 664 students

Public

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?

Want a head-to-head view? Compare Berea side-by-side with any other U.S. city using our market-comparison tool.

Olmsted Falls

Brook Park

North Olmsted

Rocky River

Brooklyn

Lakewood

North Ridgeville

Bay Village

Is Berea a good real estate investment market?

For investors evaluating Berea, the price-to-rent ratio of 17.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Berea's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Berea's median home price.

Frequently asked questions

What is the average home price in Berea?

The median home sale price in Berea is $241,500, down 7.1% from last year.

How long do homes stay on market in Berea?

Homes typically spend 29 days on market before going under contract.

What is the median income in Berea?

The median household income is $71,896 per year.

Is Berea a buyer's or seller's market?

With 0.7 months of supply, Berea is currently a seller's market.

How many homes are for sale in Berea?

There are currently 13 homes listed for sale in Berea, OH.

What is the Zillow home value estimate for Berea?

The Zillow Home Value Index (ZHVI) for Berea is $248,894, representing the typical home value in the area.

What is the median condo price in Berea?

The median condo/co-op sale price in Berea, OH is $165,000, compared to $260,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Berea?

The median single-family home price in Berea, OH is $260,000 (about $163 per square foot).

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