Is Mount Gilead, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Gilead is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Mount Gilead 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 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

+$92,500(+45.1%)

Key Takeaway

Homes in Mount Gilead have sold for 45.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $35.5K-
N/A
2 $148.5K$229.5K
+54.6%
3 $232K$269K
+15.9%
4 $310K$352.5K
+13.7%
5+ $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
+45.1%
Gilead Township
+26.1%

Housing Supply in Mount Gilead, OH

How many homes are available in Mount Gilead, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4543-4.4%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2222
0.0%
4 109
-10.0%
5+ 54
-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 2024Feb 2024CHANGE
67+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Gilead, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
48 Days38 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mount Gilead has remained consistent over time.

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.

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

Report Updated 28 Days Ago

Newest Listings in Mount Gilead, OH

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