Is Warren, 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, Warren has remained a Seller's Market.
Key Takeaway
Warren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren, OH
How much do homes in Warren, OH cost?
Median Sold Price
$129,570
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warren have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Warren was $129,570 in May 2024, down 6.9% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $63K | +57.5% |
| 2 Bedrooms | $109K | $88.7K | -18.6% |
| 3 Bedrooms | $134.6K | $126.3K | -6.2% |
| 4 Bedrooms | $182.5K | $190K | +4.1% |
| 5+ Bedrooms | $233K | $229.9K | -1.3% |
Summary: Warren housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.5%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Niles | $105K | $130K | +23.8% |
| Howland Township | $180K | $199K | +10.6% |
| Warren Township | $136.1K | $126.8K | -6.8% |
| Warren | $139.1K | $129.5K | -6.9% |
Housing Supply in Warren, OH
How many homes are available in Warren, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 215 | 216 | 0.5% |
Summary: The Warren real estate market had 216 homes for sale in May 2024, a 0.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 44 | 49 | +11.4% |
| 3 Bedrooms | 114 | 109 | -4.4% |
| 4 Bedrooms | 47 | 43 | -8.5% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Warren housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you may be able to get a good deal. 53% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Warren in May 2024, up by 1.5% month-over-month. Of the 66 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Warren, OH
How long does it take to sell a home in Warren, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +7.1% |
Summary: Homes in Warren had an average of 39 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in Warren; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% 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.