Is Minerva, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minerva is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Minerva is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Minerva, OH

How much do homes in Minerva, OH cost?

Median Sold Price

$162,450

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,450(-4.4%)

Key Takeaway

Homes in Minerva have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Minerva was $162,450 in November 2024, down 4.4% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $110K$128.6K
+17.0%
3 $172K$165K
-4.1%
4 $175K$210K
+20.0%
5+ $202.5K$225K
+11.1%

Summary: Minerva housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

Brown Township
+14.6%
West Township
0.5%
Paris Township
-0.6%
Minerva
-4.4%
Minerva
-8.9%

Housing Supply in Minerva, OH

How many homes are available in Minerva, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2018-10.0%

Summary: The Minerva real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 1410
-28.6%
4 31
-66.7%
5+ 01
+100.0%

Summary: The Minerva housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was 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 Minerva, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Minerva in November 2024, down by 62.5% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Minerva, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days32 Days+2.2%

Summary: Homes in Minerva had an average of 32 days on market in Nov 2024, up by 2.2% compared to last year.

Breakdown of Home Sale Times

2 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 Minerva are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Minerva; 67% of homes were sold within 30 days, 33% 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 12 Days Ago

Newest Listings in Minerva, OH

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