Is Ashtabula, 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, Ashtabula has remained a Seller's Market.
Key Takeaway
Ashtabula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ashtabula, OH
How much do homes in Ashtabula, OH cost?
Median Sold Price
$140,333
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ashtabula have sold for 8% more than they did a year ago.
Summary: The median home sold price in Ashtabula was $140,333 in May 2024, up 8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.5K | $77.5K | +34.8% |
| 2 Bedrooms | $100.5K | $115K | +14.4% |
| 3 Bedrooms | $135K | $147.5K | +9.3% |
| 4 Bedrooms | $147.1K | $140K | -4.9% |
| 5+ Bedrooms | $142.5K | $180K | +26.3% |
Summary: Ashtabula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Saybrook Township | $147.1K | $182.5K | +24.0% |
| Ashtabula Township | $129.9K | $140.5K | +8.1% |
| Ashtabula | $129.9K | $140.3K | +8.0% |
Housing Supply in Ashtabula, OH
How many homes are available in Ashtabula, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 111 | 107 | -3.6% |
Summary: The Ashtabula real estate market had 107 homes for sale in May 2024, a 3.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 65 | 62 | -4.6% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Ashtabula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashtabula, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Ashtabula in May 2024, up by 11.1% month-over-month. Of the 30 sold homes, 63% were sold under asking, 13% were sold at asking, and 23% were sold over asking.
Days on Market for Ashtabula, OH
How long does it take to sell a home in Ashtabula, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 47 Days | -0.3% |
Summary: Homes in Ashtabula had an average of 47 days on market in May 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ashtabula has remained consistent over time.
Summary: During May 2024, 30 homes were sold in Ashtabula; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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