Is Mansfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mansfield has remained a Seller's Market.
Housing Prices in Mansfield, OH
How much do homes in Mansfield, OH cost?
Median Sold Price
$209,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mansfield was $209,000 in March 2024, up 21.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $116K | $139.5K | +20.3% |
3 Bedrooms | $172K | $188.9K | +9.9% |
4 Bedrooms | $191K | $255K | +33.5% |
5+ Bedrooms | $354.5K | $289K | -18.5% |
Summary: Mansfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes decreased by 18.5%.
Median Sold Price Compared To Nearby Cities
Mansfield | $172K | $209K | +21.5% |
Mansfield Township | $172K | $209K | +21.5% |
Washington Township | $232.7K | $259.9K | +11.7% |
Madison Township | $193.4K | $195K | +0.8% |
Springfield Township | $180K | $180.5K | 0.3% |
Housing Supply in Mansfield, OH
How many homes are available in Mansfield, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 91 | +1.1% |
Summary: The Mansfield real estate market had 91 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mansfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Mansfield in March 2024, up by 57.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Mansfield, OH
How long does it take to sell a home in Mansfield, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 40 Days | -18.3% |
Summary: Homes in Mansfield had an average of 40 days on market in Mar 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Mansfield; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.