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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amherst is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Amherst, OH cost?

Median Sold Price

$225,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$4,500(+2.0%)

Key Takeaway

Homes in Amherst have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $152K$193.9K
+27.6%
3 $207.5K$210K
+1.2%
4 $258K$275.4K
+6.8%
5+ $265K$350K
+32.1%

Median Sold Price Compared To Nearby Cities

Amherst Township
+28.9%
Brownhelm Township
+24.4%
Lorain
+15.9%
Amherst
+2.0%

How many homes are available in Amherst, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
5653-5.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 79
+28.6%
3 2825
-10.7%
4 1816
-11.1%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1516+6.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amherst, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days26 Days-15.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Amherst, OH

There are 53 homes are for sale in Amherst, OH real estate market. The number of listings in Amherst, OH decreased by 5.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $225,000, while the average time on the real estate market was 26 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 27.6%, prices of 3 bedrooms properties went up by 1.2%, 4 bedrooms properties became 6.8% more expensive, the cost of 5 bedrooms properties went up by 32.1%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 28.6%, volume of 3 bedrooms homes went down by 10.7%, 4 bedrooms homes inventory decreased by 11.1%, volume of 5 bedrooms homes stayed the same. While more than 4 listings in Amherst, OH in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 10 were sold below.

Related Housing Market Reports