Is Garrettsville, 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, Garrettsville has remained a Seller's Market.
Housing Prices in Garrettsville, OH
How much do homes in Garrettsville, OH cost?
Median Sold Price
$260,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garrettsville was $260,000 in April 2024, up 13% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $187.5K | N/A |
2 Bedrooms | $53.3K | $181K | +239.0% |
3 Bedrooms | $215K | $226K | +5.1% |
4 Bedrooms | $270K | $305K | +13.0% |
5+ Bedrooms | $251.6K | $261.9K | +4.1% |
Summary: Garrettsville 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 239%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Hiram Township | $241.5K | $275K | +13.9% |
Garrettsville | $230K | $260K | +13.0% |
Nelson Township | $244K | $262.5K | +7.5% |
Windham Township | $160K | $160K | 0.0% |
Housing Supply in Garrettsville, OH
How many homes are available in Garrettsville, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Garrettsville real estate market had 24 homes for sale in April 2024, a 9.1% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Garrettsville 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 33.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Garrettsville in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Garrettsville, OH
How long does it take to sell a home in Garrettsville, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 59 Days | +326.4% |
Summary: Homes in Garrettsville had an average of 59 days on market in Apr 2024, up by 326.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Garrettsville; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.