Is Mineral Ridge, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mineral Ridge was a Seller's Market.
Housing Prices in Mineral Ridge, OH
How much do homes in Mineral Ridge, OH cost?
Median Sold Price
$180,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mineral Ridge was $180,000 in February 2024, up 2.3% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $118.5K | $139K | +17.3% |
3 Bedrooms | $166.5K | $195K | +17.1% |
4 Bedrooms | $253K | $180K | -28.9% |
5+ Bedrooms | $185K | - | N/A |
Summary: Mineral Ridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mc Donald | $118.5K | $160K | +35.0% |
Niles | $105K | $116K | +10.5% |
Austintown Township | $155K | $167.1K | +7.8% |
Weathersfield Township | $110.6K | $116K | +4.9% |
Mineral Ridge | $176K | $180K | +2.3% |
Housing Supply in Mineral Ridge, OH
How many homes are available in Mineral Ridge, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Summary: The Mineral Ridge real estate market had 9 homes for sale in February 2024, a 12.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mineral Ridge housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mineral Ridge in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mineral Ridge, OH
How long does it take to sell a home in Mineral Ridge, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
93 Days | 53 Days | -43.4% |
Summary: Homes in Mineral Ridge had an average of 53 days on market in Feb 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Mineral Ridge; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.