Is Mogadore, 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, Mogadore has remained a Seller's Market.
Housing Prices in Mogadore, OH
How much do homes in Mogadore, OH cost?
Median Sold Price
$228,250
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mogadore was $228,250 in April 2024, up 11.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $33K | - | N/A |
2 Bedrooms | $160K | $256.5K | +60.3% |
3 Bedrooms | $195.8K | $220K | +12.4% |
4 Bedrooms | $264K | $285K | +8.0% |
5+ Bedrooms | $328.5K | $257.5K | -21.6% |
Summary: Mogadore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Cities
Mogadore | $205.5K | $231.7K | +12.7% |
Mogadore | $205K | $228.2K | +11.3% |
Suffield Township | $235.5K | $259.9K | +10.4% |
Springfield Township | $165.8K | $179.9K | +8.5% |
Akron | $128K | $130K | +1.5% |
Housing Supply in Mogadore, OH
How many homes are available in Mogadore, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Summary: The Mogadore real estate market had 32 homes for sale in April 2024, a 10.3% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mogadore 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 remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Mogadore in April 2024, up by 150.0% month-over-month. Of the 15 sold homes, 0% were sold under asking, 27% were sold at asking, and 73% were sold over asking.
Days on Market for Mogadore, OH
How long does it take to sell a home in Mogadore, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 27 Days | +53.7% |
Summary: Homes in Mogadore had an average of 27 days on market in Apr 2024, up by 53.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Mogadore; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.