Is Highland Square, 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, Highland Square has remained a Seller's Market.
Key Takeaway
Highland Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Square, OH
How much do homes in Highland Square, OH cost?
Median Sold Price
$140,000
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Highland Square have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Highland Square was $140,000 in April 2024, up 3.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $100K | +9.9% |
| 2 Bedrooms | $105K | $120K | +14.3% |
| 3 Bedrooms | $125K | $136K | +8.8% |
| 4 Bedrooms | $150K | $143K | -4.7% |
| 5+ Bedrooms | $187K | $167K | -10.7% |
Summary: Highland Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Akron | $109K | $152K | +39.4% |
| West Akron | $105.5K | $118K | +11.8% |
| Northwest Akron | $225K | $235K | +4.4% |
| Highland Square | $134.9K | $140K | +3.8% |
| West Hill | $120.4K | $115K | -4.5% |
Housing Supply in Highland Square, OH
How many homes are available in Highland Square, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Highland Square real estate market had 24 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Highland Square 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 increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Square, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Highland Square in April 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Highland Square, OH
How long does it take to sell a home in Highland Square, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 50 Days | +35.1% |
Summary: Homes in Highland Square had an average of 50 days on market in Apr 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Highland Square has remained consistent over time.
Summary: During April 2024, 10 homes were sold in Highland Square; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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