Is Millersburg, 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, Millersburg has remained a Seller's Market.
Key Takeaway
Millersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millersburg, OH
How much do homes in Millersburg, OH cost?
Median Sold Price
$290,562
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millersburg have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Millersburg was $290,562 in May 2024, up 11.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $230K | +28.5% |
| 3 Bedrooms | $276K | $295K | +6.9% |
| 4 Bedrooms | $289.3K | $320K | +10.6% |
| 5+ Bedrooms | $405K | $335K | -17.3% |
Summary: Millersburg 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 28.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Millersburg | $261.5K | $290.5K | +11.1% |
| Hardy Township | $215K | $210K | -2.3% |
Housing Supply in Millersburg, OH
How many homes are available in Millersburg, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The Millersburg real estate market had 35 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Millersburg 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 20%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millersburg, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Millersburg in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Millersburg, OH
How long does it take to sell a home in Millersburg, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -27.7% |
Summary: Homes in Millersburg had an average of 20 days on market in May 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millersburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Millersburg; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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