Is Martins Ferry, 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, Martins Ferry has remained a Seller's Market.
Key Takeaway
Martins Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martins Ferry, OH
How much do homes in Martins Ferry, OH cost?
Median Sold Price
$106,503
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Martins Ferry have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Martins Ferry was $106,503 in March 2024, up 12.2% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $54K | +80.0% |
| 2 Bedrooms | $84K | $87.5K | +4.2% |
| 3 Bedrooms | $123K | $119K | -3.3% |
| 4 Bedrooms | $86.5K | $145K | +67.6% |
| 5+ Bedrooms | $102.5K | $90K | -12.2% |
Summary: Martins Ferry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 67.6%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Martins Ferry | $94.9K | $106.5K | +12.2% |
| Pease Township | $90.5K | $90K | -0.6% |
Housing Supply in Martins Ferry, OH
How many homes are available in Martins Ferry, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The Martins Ferry real estate market had 28 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Martins Ferry housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 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 Martins Ferry, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Martins Ferry in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Martins Ferry, OH
How long does it take to sell a home in Martins Ferry, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 89 Days | +61.8% |
Summary: Homes in Martins Ferry had an average of 89 days on market in Mar 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Martins Ferry has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Martins Ferry; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.