Is Yellow Springs, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Yellow Springs was a Neutral Market.
Key Takeaway
Yellow Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yellow Springs, OH
How much do homes in Yellow Springs, OH cost?
Median Sold Price
$396,250
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Yellow Springs have sold for 21% more than they did a year ago.
Summary: The median home sold price in Yellow Springs was $396,250 in May 2024, up 21% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $322.2K | N/A |
| 2 Bedrooms | $256.3K | $262K | +2.2% |
| 3 Bedrooms | $325K | $367.5K | +13.1% |
| 4 Bedrooms | $366.8K | $489.5K | +33.4% |
| 5+ Bedrooms | $2.6M | $435K | -83.3% |
Summary: Yellow Springs 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 2.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes decreased by 83.3%.
Median Sold Price Compared To Nearby Cities
| Yellow Springs | $327.4K | $396.2K | +21.0% |
| Miami Township | $323K | $379K | +17.3% |
Housing Supply in Yellow Springs, OH
How many homes are available in Yellow Springs, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The Yellow Springs real estate market had 24 homes for sale in May 2024, a 26.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Yellow Springs 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
7 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 Yellow Springs, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Yellow Springs in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for Yellow Springs, OH
How long does it take to sell a home in Yellow Springs, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -30.6% |
Summary: Homes in Yellow Springs had an average of 32 days on market in May 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Yellow Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Yellow Springs; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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.