Is Gibsonburg, 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, Gibsonburg was a Seller's Market.
Housing Prices in Gibsonburg, OH
How much do homes in Gibsonburg, OH cost?
Median Sold Price
$184,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gibsonburg was $184,500 in May 2024, down 7.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $194.9K | -7.2% |
3 Bedrooms | $167K | $180K | +7.8% |
4 Bedrooms | $235K | $180.5K | -23.2% |
5+ Bedrooms | $229K | $215K | -6.1% |
Summary: Gibsonburg 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 7.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
Woodville Township | $178K | $198K | +11.2% |
Madison Township | $194.5K | $198.9K | +2.2% |
Gibsonburg | $200K | $184.5K | -7.8% |
Housing Supply in Gibsonburg, OH
How many homes are available in Gibsonburg, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Summary: The Gibsonburg real estate market had 13 homes for sale in May 2024, a 85.7% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gibsonburg 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Gibsonburg in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gibsonburg, OH
How long does it take to sell a home in Gibsonburg, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 38 Days | +16.9% |
Summary: Homes in Gibsonburg had an average of 38 days on market in May 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Gibsonburg; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.