Is Mogadore, 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, Mogadore has remained a Seller's Market.
Key Takeaway
Mogadore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mogadore, OH
How much do homes in Mogadore, OH cost?
Median Sold Price
$241,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mogadore have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Mogadore was $241,000 in May 2024, up 17.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | - | N/A |
| 2 Bedrooms | $160K | $178K | +11.3% |
| 3 Bedrooms | $196.9K | $220.8K | +12.2% |
| 4 Bedrooms | $263K | $299.5K | +13.9% |
| 5+ Bedrooms | $351K | $230K | -34.5% |
Summary: Mogadore 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 11.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Mogadore | $205K | $241K | +17.6% |
| Mogadore | $205K | $236K | +15.1% |
| Suffield Township | $236K | $259.9K | +10.1% |
| Springfield Township | $170.1K | $184.3K | +8.3% |
| Brimfield Township | $257K | $252K | -1.9% |
Housing Supply in Mogadore, OH
How many homes are available in Mogadore, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Summary: The Mogadore real estate market had 23 homes for sale in May 2024, a 32.4% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 19 | 10 | -47.4% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mogadore 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 200%, 3 bedroom homes decreased by 47.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mogadore, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Mogadore in May 2024, down by 46.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Mogadore, OH
How long does it take to sell a home in Mogadore, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | -1.8% |
Summary: Homes in Mogadore had an average of 32 days on market in May 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mogadore are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Mogadore; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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