Is Defiance, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$166,666
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Defiance have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Defiance was $166,666 in April 2024, up 23.5% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $65.5K | $119.9K | +83.1% |
| 3 Bedrooms | $139.4K | $165K | +18.3% |
| 4 Bedrooms | $175.5K | $254.9K | +45.2% |
| 5+ Bedrooms | $240.9K | $394K | +63.6% |
Summary: Defiance housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.1%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes increased by 63.6%.
Median Sold Price Compared To Nearby Cities
| Noble Township | $149.9K | $199.9K | +33.4% |
| Defiance | $134.9K | $166.6K | +23.5% |
| Defiance Township | $134.9K | $166.3K | +23.2% |
| Richland Township | $186K | $207.5K | +11.6% |
Housing Supply in Defiance, OH
How many homes are available in Defiance, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 63 | +6.8% |
Summary: The Defiance real estate market had 63 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Defiance housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Defiance, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Defiance in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 23% were sold under asking, 23% were sold at asking, and 55% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 92 Days | +76.2% |
Summary: Homes in Defiance had an average of 92 days on market in Apr 2024, up by 76.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Defiance has remained consistent over time.
Summary: During April 2024, 22 homes were sold in Defiance; 0% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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