Is Gibsonburg, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Gibsonburg has remained a Seller's Market.
Key Takeaway
Gibsonburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibsonburg, OH
How much do homes in Gibsonburg, OH cost?
Median Sold Price
$187,000
$109/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since June 2023.
Key Takeaway
The sold price of homes in Gibsonburg has remained the same since last year.
Summary: The median home sold price in Gibsonburg was $187,000 in June 2024, the same as last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $194.9K | -7.2% |
| 3 Bedrooms | $170K | $168K | -1.2% |
| 4 Bedrooms | $224.9K | $193.5K | -14.0% |
| 5+ Bedrooms | $229K | $215K | -6.1% |
Summary: Gibsonburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $172K | $191.4K | +11.3% |
| Woodville Township | $180K | $187.5K | +4.2% |
| Madison Township | $193K | $200K | +3.6% |
| Gibsonburg | $187K | $187K | 0.0% |
Housing Supply in Gibsonburg, OH
How many homes are available in Gibsonburg, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Gibsonburg real estate market had 15 homes for sale in June 2024, a 25.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gibsonburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonburg, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Gibsonburg in June 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Gibsonburg, OH
How long does it take to sell a home in Gibsonburg, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 69 Days | 34 Days | -50.1% |
Summary: Homes in Gibsonburg had an average of 34 days on market in Jun 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gibsonburg has remained consistent over time.
Summary: During June 2024, 4 homes were sold in Gibsonburg; 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.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.