Is Hubbard, 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, Hubbard has remained a Seller's Market.
Key Takeaway
Hubbard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hubbard, OH
How much do homes in Hubbard, OH cost?
Median Sold Price
$159,750
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hubbard have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Hubbard was $159,750 in May 2024, up 10.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $116.4K | $154K | +32.2% |
| 3 Bedrooms | $144.9K | $149.9K | +3.4% |
| 4 Bedrooms | $190K | $214.5K | +12.9% |
| 5+ Bedrooms | $174.9K | $306K | +75.0% |
Summary: Hubbard 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 32.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 75%.
Median Sold Price Compared To Nearby Cities
| Hubbard | $145K | $159.7K | +10.2% |
| Hubbard Township | $145K | $155K | +6.9% |
Housing Supply in Hubbard, OH
How many homes are available in Hubbard, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Summary: The Hubbard real estate market had 49 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 24 | 32 | +33.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hubbard housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hubbard, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Hubbard in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Hubbard, OH
How long does it take to sell a home in Hubbard, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -38.4% |
Summary: Homes in Hubbard had an average of 33 days on market in May 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hubbard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Hubbard; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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