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Preforeclosure Homes in Berea, OH

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Living in Berea, OH

Berea, OH, is a charming suburb known for its community spirit and friendly atmosphere. With a diverse array of amenities, including parks and shops, it offers a balanced lifestyle while remaining close to Cleveland's urban offerings. The town's educational institutions and outdoor spaces enhance its appeal for families and outdoor enthusiasts.

Current Market Conditions in Berea, OH

The real estate market in Berea is currently showing signs of stability with a balanced inventory of homes. Buyers can find a variety of houses that fit different budgets, with prices ranging from affordable starter homes to more luxurious options.

Recent trends indicate a growing interest in the area, driven by its community-centric lifestyle and proximity to Cleveland. This has led to a consistent level of demand for homes, particularly among first-time buyers and families.

Home Value Estimator For Berea, OH

There are currently 7,175 real estate properties in Berea, OH, with a median automated valuation model (AVM) price of $235,175.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berea, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Berea, OH, is $270,749.00, with the most expensive house in Berea, OH, topping out at $31,099,060.00 and the cheapest home in Berea, OH, clocking in at $11,631.00. In other words, there’s something for every potential homebuyer or savvy investor in Berea, OH!

Rent Prices In Berea, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berea, OH, is on a rollercoaster ride. The average rent price in Berea, OH, is $1,244.00. Indeed, when looking to rent in Berea, OH, you can expect to pay as little as $500.00 or as much as $2,040.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Berea, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Berea, OH Preforeclosure Homes


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