Is East Sparta, 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, East Sparta has remained a Seller's Market.
Key Takeaway
East Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Sparta, OH
How much do homes in East Sparta, OH cost?
Median Sold Price
$197,700
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Sparta have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in East Sparta was $197,700 in March 2024, up 31.8% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $45K | N/A |
| 2 Bedrooms | $166K | $201.3K | +21.3% |
| 3 Bedrooms | $149.9K | $201K | +34.0% |
| 4 Bedrooms | $535K | $255K | -52.3% |
| 5+ Bedrooms | $455K | $585K | +28.6% |
Summary: East Sparta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 34%, 4 bedroom homes decreased by 52.3%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| East Sparta | $150K | $197.7K | +31.8% |
| Pike Township | $150K | $172.5K | +15.0% |
Housing Supply in East Sparta, OH
How many homes are available in East Sparta, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The East Sparta real estate market had 4 homes for sale in March 2024, a 20.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Sparta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Sparta, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in East Sparta in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for East Sparta, OH
How long does it take to sell a home in East Sparta, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 52 Days | +79.3% |
Summary: Homes in East Sparta had an average of 52 days on market in Mar 2024, up by 79.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Sparta has remained consistent over time.
Summary: During March 2024, 2 homes were sold in East Sparta; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
