Is Meyers Lake, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meyers Lake is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Meyers Lake has remained a Seller's Market.

Key Takeaway

Meyers Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meyers Lake, OH

How much do homes in Meyers Lake, OH cost?

Median Sold Price

$229,500

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$500(+0.2%)

Key Takeaway

The sold price of homes in Meyers Lake has remained the same since last year.

Summary: The median home sold price in Meyers Lake was $229,500 in September 2024, up 0.2% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$145K
N/A
2 $159.2K$213K
+33.8%
3 $233K$232.2K
-0.3%
4 $290K$610K
+110.3%
5+ --
N/A

Summary: Meyers Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 110.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Canton Township
+13.4%
Plain Township
+4.0%
Meyers Lake
0.2%

Housing Supply in Meyers Lake, OH

How many homes are available in Meyers Lake, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
770.0%

Summary: The Meyers Lake real estate market had 7 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 31
-66.7%
4 12
+100.0%
5+ 00
0.0%

Summary: The Meyers Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meyers Lake, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Meyers Lake in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Meyers Lake, OH

How long does it take to sell a home in Meyers Lake, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
4 Days16 Days+306.3%

Summary: Homes in Meyers Lake had an average of 16 days on market in Sep 2024, up by 306.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meyers Lake are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Meyers Lake; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Meyers Lake, OH

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