Is Southington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southington was a Neutral Market.
Key Takeaway
Southington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southington, OH
How much do homes in Southington, OH cost?
Median Sold Price
$250,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southington have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Southington was $250,000 in April 2024, up 13.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $141K | $135K | -4.3% |
| 3 Bedrooms | $218K | $248.5K | +14.0% |
| 4 Bedrooms | $237K | $332.1K | +40.1% |
| 5+ Bedrooms | $275K | $299.9K | +9.1% |
Summary: Southington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Southington | $220K | $250K | +13.6% |
| Southington Township | $229K | $250K | +9.2% |
| Nelson Township | $244K | $262.5K | +7.5% |
| Braceville Township | $193.7K | $175K | -9.7% |
Housing Supply in Southington, OH
How many homes are available in Southington, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Southington real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Days on Market for Southington, OH
How long does it take to sell a home in Southington, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 48 Days | +200.0% |
Summary: Homes in Southington had an average of 48 days on market in Apr 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southington has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Southington; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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