Is Mount Gilead, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mount Gilead was a Seller's Market.
Housing Prices in Mount Gilead, OH
How much do homes in Mount Gilead, OH cost?
Median Sold Price
$297,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mount Gilead was $297,500 in February 2024, up 45.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35.5K | - | N/A |
2 Bedrooms | $148.5K | $229.5K | +54.6% |
3 Bedrooms | $232K | $269K | +15.9% |
4 Bedrooms | $310K | $352.5K | +13.7% |
5+ Bedrooms | $199.8K | $427.5K | +113.9% |
Summary: Mount Gilead 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 54.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 113.9%.
Median Sold Price Compared To Nearby Cities
Mount Gilead | $205K | $297.5K | +45.1% |
Gilead Township | $174.5K | $220K | +26.1% |
Housing Supply in Mount Gilead, OH
How many homes are available in Mount Gilead, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 43 | -4.4% |
Summary: The Mount Gilead real estate market had 43 homes for sale in February 2024, a 4.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mount Gilead 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 decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mount Gilead in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Mount Gilead, OH
How long does it take to sell a home in Mount Gilead, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 38 Days | -21.5% |
Summary: Homes in Mount Gilead had an average of 38 days on market in Feb 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Mount Gilead; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.