Is Minerva, 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, Minerva has remained a Seller's Market.
Housing Prices in Minerva, OH
How much do homes in Minerva, OH cost?
Median Sold Price
$172,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Minerva was $172,000 in March 2024, up 19.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $118K | $139.9K | +18.6% |
3 Bedrooms | $136K | $175K | +28.7% |
4 Bedrooms | $182.5K | $190K | +4.1% |
5+ Bedrooms | $95K | $202.5K | +113.2% |
Summary: Minerva 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 increased by 18.6%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 113.2%.
Median Sold Price Compared To Nearby Cities
Minerva | $142K | $171K | +20.4% |
Minerva | $143.5K | $172K | +19.9% |
Brown Township | $185K | $215K | +16.2% |
Paris Township | $149.9K | $168.4K | +12.4% |
Housing Supply in Minerva, OH
How many homes are available in Minerva, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The Minerva real estate market had 24 homes for sale in March 2024, a 7.7% decrease 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 | 6 | 4 | -33.3% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minerva 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Minerva in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 39 Days | +64.2% |
Summary: Homes in Minerva had an average of 39 days on market in Mar 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Minerva; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.