Is Alliance, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$141,433
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alliance have sold for 1% more than they did a year ago.
Summary: The median home sold price in Alliance was $141,433 in March 2024, up 1% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $37.1K | -38.2% |
| 2 Bedrooms | $105K | $112.5K | +7.1% |
| 3 Bedrooms | $140K | $146K | +4.3% |
| 4 Bedrooms | $185K | $158.4K | -14.4% |
| 5+ Bedrooms | $175K | $134K | -23.4% |
Summary: Alliance housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Smith Township | $142K | $186K | +31.0% |
| Washington Township | $169K | $215.5K | +27.5% |
| Lexington Township | $175K | $196.7K | +12.4% |
| Knox Township | $180.5K | $199K | +10.2% |
| Alliance | $140K | $141.4K | +1.0% |
Housing Supply in Alliance, OH
How many homes are available in Alliance, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 96 | +10.3% |
Summary: The Alliance real estate market had 96 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 43 | 52 | +20.9% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Alliance housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 27 | +92.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alliance, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Alliance in March 2024, up by 92.9% month-over-month. Of the 27 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 49 Days | -30.4% |
Summary: Homes in Alliance had an average of 49 days on market in Mar 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 27 homes were sold in Alliance; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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