Is Conneaut, 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, 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
$129,250
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conneaut have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Conneaut was $129,250 in May 2024, up 3.4% 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 | $71K | $52K | -26.8% |
| 2 Bedrooms | $109K | $119.5K | +9.6% |
| 3 Bedrooms | $127.2K | $132.4K | +4.1% |
| 4 Bedrooms | $133.9K | $140K | +4.6% |
| 5+ Bedrooms | $179K | $130K | -27.4% |
Summary: Conneaut housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 27.4%.
Median Sold Price Compared To Nearby Cities
| North Kingsville | $158K | $215K | +36.1% |
| Springfield Township | $430K | $450K | +4.7% |
| Conneaut | $125K | $129.2K | +3.4% |
Housing Supply in Conneaut, OH
How many homes are available in Conneaut, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The Conneaut real estate market had 59 homes for sale in May 2024, a 22.9% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 26 | 35 | +34.6% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Conneaut 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 66.7%, 3 bedroom homes increased by 34.6%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conneaut, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Conneaut in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 86 Days | +162.5% |
Summary: Homes in Conneaut had an average of 86 days on market in May 2024, up by 162.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 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 May 2024, 14 homes were sold in Conneaut; 43% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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