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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alliance is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Alliance, OH

How much do homes in Alliance, OH cost?

Median Sold Price

$155,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,000(+10.7%)

Key Takeaway

Homes in Alliance have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Alliance was $155,000 in September 2024, up 10.7% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $60K$129.6K
+116.0%
2 $110.4K$126.2K
+14.3%
3 $145K$157.9K
+8.9%
4 $169.8K$182.5K
+7.5%
5+ $134K$205K
+53.0%

Summary: Alliance housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 53%.

Median Sold Price Compared To Nearby Cities

Smith Township
+24.1%
Lexington Township
+16.4%
Alliance
+10.7%
Washington Township
-6.5%

Housing Supply in Alliance, OH

How many homes are available in Alliance, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
114117+2.6%

Summary: The Alliance real estate market had 117 homes for sale in September 2024, a 2.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1919
0.0%
3 5861
+5.2%
4 3129
-6.5%
5+ 68
+33.3%

Summary: The Alliance housing inventory by bedroom type for September 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 5.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3126-16.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alliance, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Alliance in September 2024, down by 16.1% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Alliance, OH

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

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days23 Days+15.2%

Summary: Homes in Alliance had an average of 23 days on market in Sep 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 26 homes were sold in Alliance; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

Newest Listings in Alliance, OH

Nearby Markets to Alliance, OH