Is Ellet, 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, Ellet has remained a Seller's Market.
Key Takeaway
Ellet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellet, OH
How much do homes in Ellet, OH cost?
Median Sold Price
$158,416
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ellet have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Ellet was $158,416 in April 2024, up 2.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.7K | $61.3K | +12.0% |
| 2 Bedrooms | $117K | $120K | +2.6% |
| 3 Bedrooms | $159.9K | $166K | +3.8% |
| 4 Bedrooms | $180K | $179K | -0.6% |
| 5+ Bedrooms | $194K | $170K | -12.4% |
Summary: Ellet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Neighborhoods
| East Akron | $63K | $70.5K | +11.9% |
| Goodyear Heights | $105K | $115K | +9.5% |
| Ellet | $155K | $158.4K | +2.2% |
| E. Market & Canton Rd. | $125K | $126.8K | +1.5% |
Housing Supply in Ellet, OH
How many homes are available in Ellet, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 76 | -3.8% |
Summary: The Ellet real estate market had 76 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 54 | 52 | -3.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellet, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Ellet in April 2024, down by 3.4% month-over-month. Of the 28 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for Ellet, OH
How long does it take to sell a home in Ellet, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 40 Days | -16.2% |
Summary: Homes in Ellet had an average of 40 days on market in Apr 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellet are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Ellet; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.