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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minerva Park is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Minerva Park 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 Park, OH

How much do homes in Minerva Park, OH cost?

Median Sold Price

$338,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$51,550(+18.0%)

Key Takeaway

Homes in Minerva Park have sold for 18% more than they did a year ago.

Summary: The median home sold price in Minerva Park was $338,000 in February 2024, up 18% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $260K-
N/A
3 $282.5K$325K
+15.0%
4 $371.2K$336K
-9.5%
5+ $377.5K$372.4K
-1.4%

Summary: Minerva Park 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 did not change, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Minerva Park
+18.0%
Blendon Township
+13.2%
Columbus
+7.7%

Housing Supply in Minerva Park, OH

How many homes are available in Minerva Park, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
56+20.0%

Summary: The Minerva Park real estate market had 6 homes for sale in February 2024, a 20.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 33
0.0%
5+ 12
+100.0%

Summary: The Minerva Park 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minerva Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Minerva Park in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Minerva Park, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
21 Days15 Days-28.6%

Summary: Homes in Minerva Park had an average of 15 days on market in Feb 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Minerva Park; 100% of homes were sold within 30 days, 0% 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 Minerva Park, OH

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