Is Austintown Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austintown Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Austintown Township, OH

How much do homes in Austintown Township, OH cost?

Median Sold Price

$167,100

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,100(+7.8%)

Key Takeaway

Homes in Austintown Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Austintown Township was $167,100 in February 2024, up 7.8% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$110.7K
N/A
2 $104K$130.9K
+25.9%
3 $154.2K$170.8K
+10.8%
4 $184K$201.5K
+9.5%
5+ $189K$150K
-20.6%

Summary: Austintown Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 20.6%.

Median Sold Price Compared To Nearby Cities

Mc Donald
+35.0%
Austintown Township
+7.8%
Weathersfield Township
+4.9%
Mineral Ridge
+2.3%
Jackson Township
-20.0%

Housing Supply in Austintown Township, OH

How many homes are available in Austintown Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9294+2.2%

Summary: The Austintown Township real estate market had 94 homes for sale in February 2024, a 2.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 710
+42.9%
3 6061
+1.7%
4 2020
0.0%
5+ 43
-25.0%

Summary: The Austintown Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2723-14.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austintown Township, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Austintown Township in February 2024, down by 14.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 9% were sold at asking, and 30% were sold over asking.

Days on Market for Austintown Township, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
49 Days55 Days+12.4%

Summary: Homes in Austintown Township had an average of 55 days on market in Feb 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Austintown Township has remained consistent over time.

Summary: During February 2024, 23 homes were sold in Austintown Township; 26% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 13% 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 18 Days Ago

Newest Listings in Austintown Township, OH

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