Is Amherst, 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, Amherst has remained a Seller's Market.
Housing Prices in Amherst, OH
How much do homes in Amherst, OH cost?
Median Sold Price
$273,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Amherst was $273,000 in March 2024, up 10.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $176.4K | $160K | -9.3% |
3 Bedrooms | $225K | $255K | +13.3% |
4 Bedrooms | $279.5K | $305K | +9.1% |
5+ Bedrooms | $440K | $455K | +3.4% |
Summary: Amherst housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Amherst | $247K | $273K | +10.5% |
Amherst Township | $241.5K | $265.1K | +9.8% |
Lorain | $130.1K | $139.4K | +7.2% |
Brownhelm Township | $240K | $228K | -5.0% |
Housing Supply in Amherst, OH
How many homes are available in Amherst, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 29 | -21.6% |
Summary: The Amherst real estate market had 29 homes for sale in March 2024, a 21.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 18 | 10 | -44.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Amherst housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Amherst in March 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Amherst, OH
How long does it take to sell a home in Amherst, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 52 Days | -10.3% |
Summary: Homes in Amherst had an average of 52 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Amherst; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.