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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kettering is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Kettering, OH

How much do homes in Kettering, OH cost?

Median Sold Price

$229,757

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,942(+4.5%)

Key Takeaway

Homes in Kettering have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Kettering was $229,757 in May 2024, up 4.5% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $114.2K$115K
+0.7%
2 $143.7K$152.5K
+6.1%
3 $204.9K$220K
+7.4%
4 $275K$301.5K
+9.6%
5+ $345K$354.9K
+2.9%

Summary: Kettering housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Oakwood
+16.1%
Washington Township
+9.7%
Centerville
+8.9%
Beavercreek
+7.0%
Kettering
+4.5%

Housing Supply in Kettering, OH

How many homes are available in Kettering, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
202185-8.4%

Summary: The Kettering real estate market had 185 homes for sale in May 2024, a 8.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 2629
+11.5%
3 117101
-13.7%
4 4641
-10.9%
5+ 1113
+18.2%

Summary: The Kettering housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8577-9.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kettering, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.

Summary: A total of 77 homes were sold or pending in Kettering in May 2024, down by 9.4% month-over-month. Of the 77 sold homes, 31% were sold under asking, 29% were sold at asking, and 40% were sold over asking.

Days on Market for Kettering, OH

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

Average Sale Time

May 2023May 2024CHANGE
42 Days48 Days+14.8%

Summary: Homes in Kettering had an average of 48 days on market in May 2024, up by 14.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kettering has remained consistent over time.

Summary: During May 2024, 77 homes were sold in Kettering; 29% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

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