Is East Akron, 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, East Akron has remained a Seller's Market.
Housing Prices in East Akron, OH
How much do homes in East Akron, OH cost?
Median Sold Price
$70,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Akron was $70,500 in April 2024, up 11.9% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23.5K | $58.7K | +150.0% |
2 Bedrooms | $55K | $68K | +23.6% |
3 Bedrooms | $70K | $76K | +8.6% |
4 Bedrooms | $74K | $84.2K | +13.9% |
5+ Bedrooms | $67.3K | - | N/A |
Summary: East Akron housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
East Akron | $63K | $70.5K | +11.9% |
Ellet | $155K | $158.4K | +2.2% |
University of Akron | $100K | $100K | 0.0% |
Housing Supply in East Akron, OH
How many homes are available in East Akron, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 51 | +2.0% |
Summary: The East Akron real estate market had 51 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Akron housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in East Akron in April 2024, down by 11.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for East Akron, OH
How long does it take to sell a home in East Akron, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 39 Days | +86.2% |
Summary: Homes in East Akron had an average of 39 days on market in Apr 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in East Akron; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.