Is Mount Sterling, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Sterling was a Seller's Market.
Housing Prices in Mount Sterling, OH
How much do homes in Mount Sterling, OH cost?
Median Sold Price
$262,450
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mount Sterling was $262,450 in March 2024, up 22.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $46K | N/A |
2 Bedrooms | $152K | $165K | +8.6% |
3 Bedrooms | $215K | $279.5K | +30.0% |
4 Bedrooms | $275K | $346.2K | +25.9% |
5+ Bedrooms | $388.5K | $210K | -45.9% |
Summary: Mount Sterling 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 8.6%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
Mount Sterling | $215K | $262.4K | +22.1% |
Pleasant Township | $217.5K | $237K | +9.0% |
Housing Supply in Mount Sterling, OH
How many homes are available in Mount Sterling, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Mount Sterling real estate market had 15 homes for sale in March 2024, a 15.4% increase 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 | 2 | 3 | +50.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Sterling 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 increased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mount Sterling in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mount Sterling, OH
How long does it take to sell a home in Mount Sterling, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 3 Days | -91.8% |
Summary: Homes in Mount Sterling had an average of 3 days on market in Mar 2024, down by 91.8% compared to last year.
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
Summary: During March 2024, 2 homes were sold in Mount Sterling; 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.