Is Defiance, 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, Defiance has remained a Seller's Market.
Key Takeaway
Defiance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Defiance, OH
How much do homes in Defiance, OH cost?
Median Sold Price
$168,650
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Defiance have sold for 25% more than they did a year ago.
Summary: The median home sold price in Defiance was $168,650 in March 2024, up 25% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $300K | +900.0% |
| 2 Bedrooms | $69.5K | $97.2K | +39.9% |
| 3 Bedrooms | $141.6K | $165K | +16.5% |
| 4 Bedrooms | $172K | $254.9K | +48.2% |
| 5+ Bedrooms | $255K | $280K | +9.8% |
Summary: Defiance housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 900%, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 48.2%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Defiance | $134.9K | $168.6K | +25.0% |
| Defiance Township | $134.9K | $167.7K | +24.3% |
| Richland Township | $187.5K | $207.5K | +10.7% |
Housing Supply in Defiance, OH
How many homes are available in Defiance, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The Defiance real estate market had 54 homes for sale in March 2024, a 12.5% increase 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 | 13 | 14 | +7.7% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Defiance 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 increased by 7.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Defiance, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Defiance in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Defiance, OH
How long does it take to sell a home in Defiance, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -16.5% |
Summary: Homes in Defiance had an average of 46 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Defiance has remained consistent over time.
Summary: During March 2024, 10 homes were sold in Defiance; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.