Is 45840, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 45840 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 45840 has remained a Seller's Market.

Key Takeaway

45840 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 45840, OH

How much do homes in 45840, OH cost?

Median Sold Price

$220,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$187(-0.1%)

Key Takeaway

The sold price of homes in 45840 has remained the same since last year.

Summary: The median home sold price in 45840 was $220,000 in February 2024, down 0.1% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $85K$130K
+53.0%
2 $148.5K$150K
+1.0%
3 $209.9K$214.9K
+2.4%
4 $295K$313.6K
+6.3%
5+ $454.4K$410K
-9.8%

Summary: 45840 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

45858
+19.3%
45840
-0.1%

Housing Supply in 45840, OH

How many homes are available in 45840, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
122138+13.1%

Summary: The 45840 real estate market had 138 homes for sale in February 2024, a 13.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1219
+58.3%
3 6975
+8.7%
4 2929
0.0%
5+ 1114
+27.3%

Summary: The 45840 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 increased by 58.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3138+22.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 45840, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 45840 in February 2024, up by 22.6% month-over-month. Of the 38 sold homes, 66% were sold under asking, 8% were sold at asking, and 26% were sold over asking.

Days on Market for 45840, OH

How long does it take to sell a home in 45840, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
54 Days74 Days+37.1%

Summary: Homes in 45840 had an average of 74 days on market in Feb 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 45840 has remained consistent over time.

Summary: During February 2024, 38 homes were sold in 45840; 13% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 29% 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 27 Days Ago

Newest Listings in 45840, OH

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