Is Lane-Wooster, 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, Lane-Wooster has remained a Seller's Market.
Key Takeaway
Lane-Wooster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lane-Wooster, OH
How much do homes in Lane-Wooster, OH cost?
Median Sold Price
$79,450
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lane-Wooster have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Lane-Wooster was $79,450 in April 2024, up 3.3% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $47K | $40K | -14.9% |
| 3 Bedrooms | $78K | $86K | +10.3% |
| 4 Bedrooms | $74K | $79.9K | +8.0% |
| 5+ Bedrooms | $100.9K | $80K | -20.8% |
Summary: Lane-Wooster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Akron | $109K | $152K | +39.4% |
| West Akron | $105.5K | $118K | +11.8% |
| Lane-Wooster | $76.9K | $79.4K | +3.3% |
Housing Supply in Lane-Wooster, OH
How many homes are available in Lane-Wooster, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The Lane-Wooster real estate market had 38 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lane-Wooster 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 100%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lane-Wooster, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lane-Wooster in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Lane-Wooster, OH
How long does it take to sell a home in Lane-Wooster, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 96 Days | +126.9% |
Summary: Homes in Lane-Wooster had an average of 96 days on market in Apr 2024, up by 126.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lane-Wooster has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Lane-Wooster; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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