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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burton is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Burton was a Seller's Market.

Key Takeaway

Burton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burton, OH

How much do homes in Burton, OH cost?

Median Sold Price

$220,000

$92/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$77,000(-25.9%)

Key Takeaway

Homes in Burton have sold for 25.9% less than they did a month ago.

Summary: The median home sold price in Burton was $220,000 in February 2024, down 25.9% from last month, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $297K$220K
-25.9%
4 $342.5K-
N/A
5+ --
N/A

Summary: Burton housing prices by bedroom type for February 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 decreased by 25.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Burton
-25.9%
Burton Township
-25.9%

Housing Supply in Burton, OH

How many homes are available in Burton, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
990.0%

Summary: The Burton real estate market had 9 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 66
0.0%
4 20
-100.0%
5+ 00
0.0%

Summary: The Burton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Burton in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Burton, OH

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

Average Sale Time

Jan 2024Feb 2024CHANGE
83 Days19 Days-77.2%

Summary: Homes in Burton had an average of 19 days on market in Feb 2024, down by 77.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Burton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Burton, OH

Nearby Markets to Burton, OH