Is Barberton, 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, Barberton has remained a Seller's Market.
Key Takeaway
Barberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barberton, OH
How much do homes in Barberton, OH cost?
Median Sold Price
$153,316
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barberton have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Barberton was $153,316 in May 2024, up 13.6% 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 | $48.7K | $36K | -26.1% |
| 2 Bedrooms | $102.2K | $119.3K | +16.7% |
| 3 Bedrooms | $138.4K | $155K | +12.0% |
| 4 Bedrooms | $214K | $207.5K | -3.0% |
| 5+ Bedrooms | $146K | $164.5K | +12.7% |
Summary: Barberton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Barberton | $135K | $153.3K | +13.6% |
| Coventry Township | $178K | $199.9K | +12.3% |
| New Franklin | $225K | $239K | +6.2% |
| Akron | $125.8K | $132.7K | +5.5% |
| Norton | $255K | $230K | -9.8% |
Housing Supply in Barberton, OH
How many homes are available in Barberton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 75 | +17.2% |
Summary: The Barberton real estate market had 75 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Barberton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barberton, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Barberton in May 2024, up by 4.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Barberton, OH
How long does it take to sell a home in Barberton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +17.7% |
Summary: Homes in Barberton had an average of 39 days on market in May 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barberton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Barberton; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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