Carole Cohen has an interesting blog about real estate in the Cleveland area, and has been posting some statistics about various neighborhoods. When I asked her about Berea, she kindly posted a report about our soon-to-be home, today.

Berea Ohio is one of those communities with old world charm (historic homes) and modern day developments. She also boasts a few quality cluster home communities. In any event, here are housing sale stats for Berea Ohio, both for April specifically and since January 2008 in general. These stats cover single family and condominium and cluster homes.

With 134 homes currently on the market, the average listing price per square foot is $97.00. The house we’re buying was originally listed, late last year, for $249,000. With a square footage of 2524, this works out to about $98.00 per square foot… just $1 per square foot more than the average.

Of the 55 homes in Berea that have actually closed, this year, they averaged about $79 per square foot. Since our sellers have agreed to sell the house to us for $202,000, we are paying about $80 per square foot… just $1 per square foot more than average!

I thought that was an interesting coincidence… :) We seem to be getting an extremely average deal!