Is 45405, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 45405 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 45405 has remained a Seller's Market.

Key Takeaway

45405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 45405, OH

How much do homes in 45405, OH cost?

Median Sold Price

$99,975

$59/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,025(+11.1%)

Key Takeaway

Homes in 45405 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 45405 was $99,975 in February 2024, up 11.1% from last year, and the median price per square foot was $59.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $150K$90.5K
-39.7%
2 $67.5K$70K
+3.7%
3 $85.7K$85K
-0.8%
4 $112K$135K
+20.5%
5+ $138.5K$137.4K
-0.8%

Summary: 45405 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

45416
+20.1%
45404
+18.9%
45406
+15.6%
45405
+11.1%
45402
+1.1%

Housing Supply in 45405, OH

How many homes are available in 45405, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8486+2.4%

Summary: The 45405 real estate market had 86 homes for sale in February 2024, a 2.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 3337
+12.1%
4 2321
-8.7%
5+ 1717
0.0%

Summary: The 45405 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1821+16.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 45405, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 45405 in February 2024, up by 16.7% month-over-month. Of the 21 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 45405, OH

How long does it take to sell a home in 45405, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
82 Days96 Days+16.9%

Summary: Homes in 45405 had an average of 96 days on market in Feb 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 45405 has remained consistent over time.

Summary: During February 2024, 21 homes were sold in 45405; 29% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 45405, OH

Nearby Markets to 45405, OH