Is Hiram, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hiram is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Hiram has remained a Seller's Market.

Key Takeaway

Hiram is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hiram, OH

How much do homes in Hiram, OH cost?

Median Sold Price

$180,500

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$38,250(-17.5%)

Key Takeaway

Homes in Hiram have sold for 17.5% less than they did a year ago.

Summary: The median home sold price in Hiram was $180,500 in September 2024, down 17.5% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $260.5K$65.5K
-74.9%
3 $220.2K$98K
-55.5%
4 $156.2K$369K
+136.2%
5+ $472.5K$320K
-32.3%

Summary: Hiram housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 74.9%, 3 bedroom homes decreased by 55.5%, 4 bedroom homes increased by 136.2%, and 5+ bedroom homes decreased by 32.3%.

Median Sold Price Compared To Nearby Cities

Hiram Township
+14.2%
Hiram
-17.5%

Housing Supply in Hiram, OH

How many homes are available in Hiram, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2723-14.8%

Summary: The Hiram real estate market had 23 homes for sale in September 2024, a 14.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2016
-20.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Hiram housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hiram, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hiram in September 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Hiram, OH

How long does it take to sell a home in Hiram, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days63 Days+246.2%

Summary: Homes in Hiram had an average of 63 days on market in Sep 2024, up by 246.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hiram are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 7 homes were sold in Hiram; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Hiram, OH

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