Is Lakeside Marblehead, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeside Marblehead is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lakeside Marblehead was a Seller's Market.

Key Takeaway

Lakeside Marblehead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lakeside Marblehead, OH

How much do homes in Lakeside Marblehead, OH cost?

Median Sold Price

$425,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,000(+13.3%)

Key Takeaway

Homes in Lakeside Marblehead have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Lakeside Marblehead was $425,000 in February 2024, up 13.3% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $162K$197.5K
+21.9%
2 $300K$365K
+21.7%
3 $389.9K$437K
+12.1%
4 $609K$599K
-1.6%
5+ $825K$1.2M
+45.6%

Summary: Lakeside Marblehead housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 45.6%.

Median Sold Price Compared To Nearby Cities

Catawba Island Township
+25.4%
Lakeside Marblehead
+13.3%
Danbury Township
+12.1%

Housing Supply in Lakeside Marblehead, OH

How many homes are available in Lakeside Marblehead, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4250+19.0%

Summary: The Lakeside Marblehead real estate market had 50 homes for sale in February 2024, a 19.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 87
-12.5%
3 2228
+27.3%
4 58
+60.0%
5+ 45
+25.0%

Summary: The Lakeside Marblehead housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeside Marblehead, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lakeside Marblehead in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Lakeside Marblehead, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
120 Days46 Days-61.9%

Summary: Homes in Lakeside Marblehead had an average of 46 days on market in Feb 2024, down by 61.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakeside Marblehead are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Lakeside Marblehead; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

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