Is Barberton, 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, Barberton has remained a Seller's Market.
Key Takeaway
Barberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barberton, OH
How much do homes in Barberton, OH cost?
Median Sold Price
$150,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Barberton have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Barberton was $150,000 in March 2024, up 11.4% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | $28K | +1.8% |
| 2 Bedrooms | $100K | $115K | +15.0% |
| 3 Bedrooms | $139.9K | $152K | +8.6% |
| 4 Bedrooms | $230.5K | $180K | -21.9% |
| 5+ Bedrooms | $155K | $165K | +6.5% |
Summary: Barberton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Coventry Township | $175K | $200K | +14.3% |
| Barberton | $134.6K | $150K | +11.4% |
| New Franklin | $221.5K | $232K | +4.7% |
| Akron | $127.4K | $130K | +2.0% |
| Norton | $243.8K | $234.9K | -3.7% |
Housing Supply in Barberton, OH
How many homes are available in Barberton, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 54 | -15.6% |
Summary: The Barberton real estate market had 54 homes for sale in March 2024, a 15.6% 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 | 12 | 9 | -25.0% |
| 3 Bedrooms | 39 | 35 | -10.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Barberton 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 decreased by 25%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
3 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 Barberton, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Barberton in March 2024, down by 39.3% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for Barberton, OH
How long does it take to sell a home in Barberton, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 23 Days | -51.1% |
Summary: Homes in Barberton had an average of 23 days on market in Mar 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barberton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Barberton; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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