Brecksville Home Prices & Values

$236,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.5% 1-year change
  • 2.9% 1-year forecast

The median home value in Brecksville is $236,900. Brecksville home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Brecksville is $110, which is higher than the Cleveland Metro average of $88. The median price of homes currently listed in Brecksville is $214,900 while the median price of homes that sold is $197,059. The median rent price in Brecksville is $1,200, which is higher than the Cleveland Metro median of $825.

Foreclosures will be a factor impacting home values in the next several years. In Brecksville 1.1 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 5.5 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Brecksville is 5.8%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Brecksville homeowners underwater on their mortgage is 10.3%, which is lower than Cleveland Metro at 23.4%.

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Relative ZHVI
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Brecksville Market Overview

Data through Jul 31, 2014
  • $236,900 ZHVI
  • 2.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $214,900 Median listing price
  • $197,059 Median sale price (Jun 30, 2014)
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Brecksville Market Health

Data through Jul 31, 2014
  • 8.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 10.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes Brecksville
5.5 homes Cleveland Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Boston Heights $308,900 Richfield $254,800 Independence $210,600
Broadview Heights $200,100 Walton Hills $181,200 Macedonia $179,700
Northfield $165,100 Seven Hills $152,000 Bedford $78,700

Listings & Sales

Data through Jul 31, 2014
  • $110 Median list price / sq ft
  • $104 Median sale price / sq ft (Jun 30, 2014)
  • 42.7% Listings with price cut
30.8%
Sold below listing
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Brecksville Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,926 Brecksville
$1,140 Cleveland Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,200 Rent list price (May 31, 2014)
  • $0.86 Rent list price / sq ft (May 31, 2014)
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