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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beloit is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Beloit was a Seller's Market.

Key Takeaway

Beloit is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Beloit, OH

How much do homes in Beloit, OH cost?

Median Sold Price

$121,250

$84/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$62,250(-33.9%)

Key Takeaway

Homes in Beloit have sold for 33.9% less than they did a month ago.

Summary: The median home sold price in Beloit was $121,250 in November 2024, down 33.9% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$127.5K
N/A
3 $179K-
N/A
4 $188K$115K
-38.8%
5+ --
N/A

Summary: Beloit housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 38.8%, and 5+ bedroom homes did not change.

Housing Supply in Beloit, OH

How many homes are available in Beloit, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Beloit real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 34
+33.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The Beloit housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beloit, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Beloit in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Beloit, OH

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

Average Sale Time

Oct 2024Nov 2024CHANGE
104 Days105 Days+1.0%

Summary: Homes in Beloit had an average of 105 days on market in Nov 2024, up by 1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Beloit has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Beloit; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

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