Is New Paris, 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, New Paris was a Seller's Market.
Key Takeaway
New Paris 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 New Paris, OH
How much do homes in New Paris, OH cost?
Median Sold Price
$146,450
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Paris have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in New Paris was $146,450 in March 2024, up 4.6% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.2K | $88K | +23.5% |
| 2 Bedrooms | $101K | $122.9K | +21.7% |
| 3 Bedrooms | $150K | $231K | +54.0% |
| 4 Bedrooms | $236.2K | $182K | -23.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Paris housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 54%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Paris | $140K | $146.4K | +4.6% |
| Jefferson Township | $183.4K | $165K | -10.1% |
Housing Supply in New Paris, OH
How many homes are available in New Paris, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The New Paris real estate market had 7 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Paris 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 decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Paris, 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 New Paris in March 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 New Paris, OH
How long does it take to sell a home in New Paris, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 35 Days | -40.7% |
Summary: Homes in New Paris had an average of 35 days on market in Mar 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Paris has remained consistent over time.
Summary: During March 2024, 1 homes were sold in New Paris; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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