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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mogadore is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Mogadore has remained a Seller's Market.

Key Takeaway

Mogadore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mogadore, OH cost?

Median Sold Price

$175,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$13,475(+8.3%)

Key Takeaway

Homes in Mogadore have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $110K$150.5K
+36.8%
3 $165K$183.5K
+11.2%
4 $176K$175K
-0.6%
5+ $90K-
N/A

Median Sold Price Compared To Nearby Cities

Mogadore
+8.3%
Mogadore
+7.9%
Akron
+6.8%
Suffield Township
+3.9%
Springfield Township
+3.4%

How many homes are available in Mogadore, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
89+12.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 12
+100.0%
3 66
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mogadore, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Dec 2021Dec 2022%
54 Days8 Days-85.4%

Breakdown of Home Sale Times

2 Homes Were 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 Mogadore are selling fast, if you're buying plan to act quickly.

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

About Mogadore, OH

Mogadore, OH has 9 homes on the market. In December 2022 in Mogadore, OH there were 12.5% more homes for sale than in November 2022. While the average time on the market in December 2022 was 8 days, the median list price was $175,000. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 36.8%, prices of 3 bedrooms properties increased by 11.2%, 4 bedrooms properties became 0.6% more cheaper, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 100% more available, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. Over 1 listings were sold over their listed price in December 2022 in Mogadore, OH. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.

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