Is Warsaw, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Warsaw has remained a Seller's Market.
Key Takeaway
Warsaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warsaw, OH
How much do homes in Warsaw, OH cost?
Median Sold Price
$201,950
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warsaw have sold for 55.5% more than they did a year ago.
Summary: The median home sold price in Warsaw was $201,950 in May 2024, up 55.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $115K | $180.7K | +57.2% |
| 3 Bedrooms | $180K | $199.9K | +11.1% |
| 4 Bedrooms | $155.2K | $317.5K | +104.5% |
| 5+ Bedrooms | $189.9K | $85K | -55.2% |
Summary: Warsaw 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 increased by 57.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 104.5%, and 5+ bedroom homes decreased by 55.2%.
Median Sold Price Compared To Nearby Cities
| Warsaw | $129.9K | $201.9K | +55.5% |
| Jefferson Township | $172.5K | $175K | +1.4% |
Housing Supply in Warsaw, OH
How many homes are available in Warsaw, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Warsaw real estate market had 10 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Warsaw housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warsaw, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Warsaw in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Warsaw, OH
How long does it take to sell a home in Warsaw, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 94 Days | +35.4% |
Summary: Homes in Warsaw had an average of 94 days on market in May 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warsaw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Warsaw; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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