Is 44118, 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, 44118 has remained a Seller's Market.
Key Takeaway
44118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 44118, OH
How much do homes in 44118, OH cost?
Median Sold Price
$240,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 44118 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 44118 was $240,000 in April 2024, up 6.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $66K | +15.8% |
| 2 Bedrooms | $155K | $199K | +28.4% |
| 3 Bedrooms | $199.9K | $211K | +5.6% |
| 4 Bedrooms | $240K | $280K | +16.7% |
| 5+ Bedrooms | $271K | $275K | +1.5% |
Summary: 44118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 44118, OH
How many homes are available in 44118, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 157 | 170 | +8.3% |
Summary: The 44118 real estate market had 170 homes for sale in April 2024, a 8.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 62 | 60 | -3.2% |
| 4 Bedrooms | 57 | 71 | +24.6% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The 44118 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 decreased by 25%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 44118, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 44118 in April 2024, up by 16.2% month-over-month. Of the 43 sold homes, 44% were sold under asking, 5% were sold at asking, and 51% were sold over asking.
Days on Market for 44118, OH
How long does it take to sell a home in 44118, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 32 Days | -35.0% |
Summary: Homes in 44118 had an average of 32 days on market in Apr 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 44118 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 43 homes were sold in 44118; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.