Is Macedonia, 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, Macedonia has remained a Seller's Market.
Key Takeaway
Macedonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macedonia, OH
How much do homes in Macedonia, OH cost?
Median Sold Price
$300,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macedonia have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Macedonia was $300,000 in April 2024, down 1.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | - | N/A |
| 2 Bedrooms | $350K | $251K | -28.3% |
| 3 Bedrooms | $253.7K | $270K | +6.4% |
| 4 Bedrooms | $380K | $360K | -5.3% |
| 5+ Bedrooms | $365K | $405K | +11.0% |
Summary: Macedonia 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 28.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Twinsburg | $300.6K | $329K | +9.4% |
| Twinsburg Township | $313.4K | $335K | +6.9% |
| Northfield | $235.3K | $237.2K | +0.8% |
| Macedonia | $305.9K | $300K | -1.9% |
| Northfield Center Township | $275K | $241K | -12.4% |
Housing Supply in Macedonia, OH
How many homes are available in Macedonia, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Macedonia real estate market had 35 homes for sale in April 2024, a 9.4% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Macedonia 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macedonia, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Macedonia in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 6% were sold at asking, and 63% were sold over asking.
Days on Market for Macedonia, OH
How long does it take to sell a home in Macedonia, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +3.0% |
Summary: Homes in Macedonia had an average of 34 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macedonia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Macedonia; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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