Is Alliance, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$143,250
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alliance have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Alliance was $143,250 in April 2024, up 4.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $50K | -16.7% |
| 2 Bedrooms | $105.4K | $110K | +4.3% |
| 3 Bedrooms | $134.5K | $147.7K | +9.8% |
| 4 Bedrooms | $181.3K | $157.6K | -13.0% |
| 5+ Bedrooms | $201K | $114.3K | -43.1% |
Summary: Alliance housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Smith Township | $145.5K | $186K | +27.8% |
| Washington Township | $169K | $215.5K | +27.5% |
| Lexington Township | $173.4K | $199.9K | +15.2% |
| Knox Township | $174K | $193K | +10.9% |
| Alliance | $137.5K | $143.2K | +4.2% |
Housing Supply in Alliance, OH
How many homes are available in Alliance, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Summary: The Alliance real estate market had 87 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Alliance housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alliance, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Alliance in April 2024, down by 29.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 5% were sold at asking, and 59% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 54 Days | -0.7% |
Summary: Homes in Alliance had an average of 54 days on market in Apr 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alliance are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Alliance; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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