Is Minerva, 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, Minerva has remained a Seller's Market.
Key Takeaway
Minerva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minerva, OH
How much do homes in Minerva, OH cost?
Median Sold Price
$169,900
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Minerva have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Minerva was $169,900 in May 2024, up 18.4% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $137K | +19.1% |
| 3 Bedrooms | $144.2K | $172K | +19.2% |
| 4 Bedrooms | $172.5K | $190K | +10.1% |
| 5+ Bedrooms | $95K | $202.5K | +113.2% |
Summary: Minerva 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 19.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 113.2%.
Median Sold Price Compared To Nearby Cities
| Minerva | $142K | $168.9K | +19.0% |
| Minerva | $143.5K | $169.9K | +18.4% |
| Brown Township | $191K | $215K | +12.6% |
| Paris Township | $147.5K | $165.9K | +12.5% |
Housing Supply in Minerva, OH
How many homes are available in Minerva, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Minerva real estate market had 19 homes for sale in May 2024, a 18.8% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minerva 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 increased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minerva, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Minerva in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Minerva, OH
How long does it take to sell a home in Minerva, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +55.2% |
Summary: Homes in Minerva had an average of 42 days on market in May 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Minerva has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Minerva; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.