Is 43506, 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, 43506 has remained a Seller's Market.
Key Takeaway
43506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 43506, OH
How much do homes in 43506, OH cost?
Median Sold Price
$160,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 43506 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 43506 was $160,000 in April 2024, up 5.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.7K | $165K | +151.0% |
| 2 Bedrooms | $80.1K | $103K | +28.5% |
| 3 Bedrooms | $158K | $159.9K | +1.2% |
| 4 Bedrooms | $225K | $225K | 0.0% |
| 5+ Bedrooms | $258.5K | $230K | -11.0% |
Summary: 43506 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 151%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Zip Codes
| 43557 | $135K | $165.5K | +22.6% |
| 43517 | $130.9K | $159K | +21.4% |
| 43506 | $152K | $160K | +5.3% |
Housing Supply in 43506, OH
How many homes are available in 43506, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The 43506 real estate market had 52 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 43506 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 43506, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 43506 in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 43506, OH
How long does it take to sell a home in 43506, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 62 Days | -1.6% |
Summary: Homes in 43506 had an average of 62 days on market in Apr 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 43506 has remained consistent over time.
Summary: During April 2024, 19 homes were sold in 43506; 16% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.