Is Mineral Ridge, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Ridge is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Mineral Ridge was a Seller's Market.

Key Takeaway

Mineral Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$4,000(+2.3%)

Key Takeaway

Homes in Mineral Ridge have sold for 2.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $118.5K$139K
+17.3%
3 $166.5K$195K
+17.1%
4 $253K$180K
-28.9%
5+ $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
+35.0%
Niles
+10.5%
Austintown Township
+7.8%
Weathersfield Township
+4.9%
Mineral Ridge
+2.3%

Housing Supply in Mineral Ridge, OH

How many homes are available in Mineral Ridge, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
89+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 78
+14.3%
4 11
0.0%
5+ 00
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 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
93 Days53 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mineral Ridge has remained consistent over time.

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.

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

Report Updated 27 Days Ago

Newest Listings in Mineral Ridge, OH

Nearby Markets to Mineral Ridge, OH

What housing markets are near Mineral Ridge, OH?