Is Rayland, 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, Rayland was a Seller's Market.
Housing Prices in Rayland, OH
How much do homes in Rayland, OH cost?
Median Sold Price
$165,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rayland was $165,000 in May 2024, up 28.9% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $104K | $118.7K | +14.2% |
3 Bedrooms | $136.5K | $185K | +35.5% |
4 Bedrooms | $126.5K | $150K | +18.6% |
5+ Bedrooms | - | $105K | N/A |
Summary: Rayland 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 14.2%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rayland | $128K | $165K | +28.9% |
Warren Township | $135.2K | $128.9K | -4.6% |
Housing Supply in Rayland, OH
How many homes are available in Rayland, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Summary: The Rayland real estate market had 8 homes for sale in May 2024, a 100.0% 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 | 2 | 5 | +150.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Rayland 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 150%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Rayland in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rayland, OH
How long does it take to sell a home in Rayland, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 212 Days | +183.9% |
Summary: Homes in Rayland had an average of 212 days on market in May 2024, up by 183.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Rayland; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.