Is Conneaut, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Conneaut has remained a Seller's Market.
Key Takeaway
Conneaut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conneaut, OH
How much do homes in Conneaut, OH cost?
Median Sold Price
$125,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conneaut have sold for 1% less than they did a year ago.
Summary: The median home sold price in Conneaut was $125,000 in April 2024, down 1% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $52K | -26.8% |
| 2 Bedrooms | $109.9K | $119.5K | +8.7% |
| 3 Bedrooms | $132.9K | $125K | -6.0% |
| 4 Bedrooms | $131.9K | $140K | +6.1% |
| 5+ Bedrooms | $164.5K | $130K | -21.0% |
Summary: Conneaut housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Cities
| North Kingsville | $167K | $210K | +25.7% |
| Springfield Township | $415K | $455K | +9.6% |
| Conneaut | $126.3K | $125K | -1.0% |
Housing Supply in Conneaut, OH
How many homes are available in Conneaut, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Conneaut real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Conneaut housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conneaut, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Conneaut in April 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Conneaut, OH
How long does it take to sell a home in Conneaut, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 55 Days | -49.4% |
Summary: Homes in Conneaut had an average of 55 days on market in Apr 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conneaut are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Conneaut; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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