Is Five Oaks, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Five Oaks was a Seller's Market.
Key Takeaway
Five Oaks is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Five Oaks, OH
How much do homes in Five Oaks, OH cost?
Median Sold Price
$126,750
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Five Oaks have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Five Oaks was $126,750 in May 2024, up 17.4% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $135K | $90.9K | -32.6% |
| 4 Bedrooms | $88.5K | $160K | +80.8% |
| 5+ Bedrooms | $90K | $125K | +38.9% |
Summary: Five Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.6%, 4 bedroom homes increased by 80.8%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Five Oaks | $107.9K | $126.7K | +17.4% |
| Mount Vernon | $154.9K | $170K | +9.7% |
Housing Supply in Five Oaks, OH
How many homes are available in Five Oaks, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Five Oaks real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Five Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Five Oaks, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Five Oaks in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Five Oaks, OH
How long does it take to sell a home in Five Oaks, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 71 Days | -38.1% |
Summary: Homes in Five Oaks had an average of 71 days on market in May 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Five Oaks has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Five Oaks; 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.
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