Is Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Akron has remained a Seller's Market.
Housing Prices in Akron, OH
How much do homes in Akron, OH cost?
Median Sold Price
$134,999
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Akron was $134,999 in June 2024, up 7.9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $72.5K | +25.0% |
2 Bedrooms | $95K | $99.9K | +5.2% |
3 Bedrooms | $129.7K | $139.9K | +7.9% |
4 Bedrooms | $154.5K | $172.6K | +11.7% |
5+ Bedrooms | $158.3K | $182.9K | +15.5% |
Summary: Akron housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
Copley Township | $281K | $320.5K | +14.1% |
Cuyahoga Falls | $190K | $211.7K | +11.4% |
Coventry Township | $180K | $196.7K | +9.3% |
Akron | $125.1K | $134.9K | +7.9% |
Fairlawn | $287.1K | $264K | -8.0% |
Housing Supply in Akron, OH
How many homes are available in Akron, OH?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
875 | 851 | -2.7% |
Summary: The Akron real estate market had 851 homes for sale in June 2024, a 2.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 10 | -28.6% |
2 Bedrooms | 152 | 124 | -18.4% |
3 Bedrooms | 442 | 439 | -0.7% |
4 Bedrooms | 207 | 214 | +3.4% |
5+ Bedrooms | 60 | 64 | +6.7% |
Summary: The Akron housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
291 | 224 | -23.0% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
103 Homes Were Sold
Over Asking
Summary: A total of 224 homes were sold or pending in Akron in June 2024, down by 23.0% month-over-month. Of the 224 sold homes, 39% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Akron, OH
How long does it take to sell a home in Akron, OH?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 30 Days | +8.6% |
Summary: Homes in Akron had an average of 30 days on market in Jun 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
143 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During June 2024, 224 homes were sold in Akron; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.