Is McConnelsville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, McConnelsville was a Neutral Market.
Key Takeaway
McConnelsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McConnelsville, OH
How much do homes in McConnelsville, OH cost?
Median Sold Price
$181,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in McConnelsville have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in McConnelsville was $181,000 in March 2024, up 6.8% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $10K | -83.1% |
| 2 Bedrooms | $108.5K | $128.5K | +18.4% |
| 3 Bedrooms | $193.7K | $186.6K | -3.7% |
| 4 Bedrooms | $237.4K | $178K | -25.0% |
| 5+ Bedrooms | $256K | $235K | -8.2% |
Summary: McConnelsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
| McConnelsville | $169.4K | $181K | +6.8% |
| Morgan Township | $218K | $183.5K | -15.8% |
Housing Supply in McConnelsville, OH
How many homes are available in McConnelsville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The McConnelsville real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The McConnelsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McConnelsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in McConnelsville in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for McConnelsville, OH
How long does it take to sell a home in McConnelsville, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 111 Days | +114.4% |
Summary: Homes in McConnelsville had an average of 111 days on market in Mar 2024, up by 114.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in McConnelsville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 2 homes were sold in McConnelsville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.