Is Mc Donald, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mc Donald was a Buyer's Market.
Key Takeaway
Mc Donald is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mc Donald, OH
How much do homes in Mc Donald, OH cost?
Median Sold Price
$144,750
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mc Donald have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Mc Donald was $144,750 in May 2024, up 22.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $78K | $76.7K | -1.6% |
| 3 Bedrooms | $129.4K | $166.2K | +28.5% |
| 4 Bedrooms | $181.5K | $443K | +144.1% |
| 5+ Bedrooms | - | $155K | N/A |
Summary: Mc Donald housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 28.5%, 4 bedroom homes increased by 144.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Niles | $105K | $130K | +23.8% |
| Mc Donald | $118K | $144.7K | +22.7% |
| Weathersfield Township | $110K | $131.4K | +19.5% |
| Girard | $124K | $137.2K | +10.7% |
Housing Supply in Mc Donald, OH
How many homes are available in Mc Donald, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Mc Donald real estate market had 7 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mc Donald housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Donald, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mc Donald in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mc Donald, OH
How long does it take to sell a home in Mc Donald, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -44.0% |
Summary: Homes in Mc Donald had an average of 14 days on market in May 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Donald are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Mc Donald; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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