Is Merion Village, 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, Merion Village has remained a Seller's Market.
Housing Prices in Merion Village, OH
How much do homes in Merion Village, OH cost?
Median Sold Price
$365,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Merion Village was $365,000 in March 2024, down 1.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $325K | $320K | -1.5% |
3 Bedrooms | $399.9K | $370K | -7.5% |
4 Bedrooms | $415K | $595K | +43.4% |
5+ Bedrooms | $410.3K | - | N/A |
Summary: Merion Village 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 decreased by 1.5%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Reeb / Hossack | $140K | $159.9K | +14.2% |
Merion Village | $371K | $365K | -1.6% |
Housing Supply in Merion Village, OH
How many homes are available in Merion Village, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 50 | +4.2% |
Summary: The Merion Village real estate market had 50 homes for sale in March 2024, a 4.2% 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 | 14 | 16 | +14.3% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merion Village 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 14.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Merion Village in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Merion Village, OH
How long does it take to sell a home in Merion Village, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 9 Days | -40.0% |
Summary: Homes in Merion Village had an average of 9 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Merion Village; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.