Is Rootstown, 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, Rootstown has remained a Seller's Market.
Key Takeaway
Rootstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rootstown, OH
How much do homes in Rootstown, OH cost?
Median Sold Price
$202,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rootstown have sold for 14.5% less than they did a year ago.
Summary: The median home sold price in Rootstown was $202,500 in May 2024, down 14.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.6K | $156.2K | -20.9% |
| 3 Bedrooms | $215K | $210K | -2.3% |
| 4 Bedrooms | $347.4K | $242.5K | -30.2% |
| 5+ Bedrooms | $365K | $380K | +4.1% |
Summary: Rootstown 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 decreased by 20.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Randolph Township | $267.5K | $310K | +15.9% |
| Atwater | $265K | $272.9K | +3.0% |
| Rootstown Township | $257.7K | $251K | -2.6% |
| Rootstown | $236.7K | $202.5K | -14.5% |
Housing Supply in Rootstown, OH
How many homes are available in Rootstown, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Rootstown real estate market had 12 homes for sale in May 2024, a 14.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rootstown 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rootstown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Rootstown in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Rootstown, OH
How long does it take to sell a home in Rootstown, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -62.6% |
Summary: Homes in Rootstown had an average of 5 days on market in May 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rootstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Rootstown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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