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

Housing Market Conditions



Gauge showing Akron is a seller's market


Difference Since May 2022

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

Key Takeaway

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

How much do homes in Akron, OH cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Akron have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $50.5K$57K
2 $76.9K$87.8K
3 $119.9K$124.5K
4 $134.9K$137K
5+ $140K$136K

Median Sold Price Compared To Nearby Cities

Cuyahoga Falls
Coventry Township
Copley Township

How many homes are available in Akron, OH?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 1115
2 169195
3 448431
4 179200
5+ 7571

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

116 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

106 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Akron, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

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

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

Average Sale Time

May 2022May 2023%
25 Days37 Days+47.8%

Breakdown of Home Sale Times

161 Homes Were Sold
Under 30 Days

68 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Akron are selling fast, if you're buying plan to act quickly.

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

What housing markets are near Akron, OH?

About Akron, OH

Akron, OH has 912 homes on the market. The number of listings in Akron, OH increased by 3.4% between April 2023 and May 2023. While the average time on the market in May 2023 was 37 days, the median list price was $119,420. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties became 12.9% more expensive, the cost of 2 bedrooms properties went up by 14.2%, prices of 3 bedrooms properties increased by 3.8%, prices of 4 bedrooms properties increased by 1.6%, 5 bedrooms properties prices decreased by 2.9%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 36.4%, 2 bedrooms homes inventory increased by 15.4%, 3 bedrooms homes became 3.8% less available, the quantity of 4 bedrooms homes went up by 11.7%, 5 bedrooms homes became 5.3% less available. Akron, OH housing market in May 2023 saw over 106 listings sold above listed price, more than 34 sold at listed price and over 116 sold below.