Is Northwest Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwest Akron has remained a Seller's Market.
Housing Prices in Northwest Akron, OH
How much do homes in Northwest Akron, OH cost?
Median Sold Price
$235,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Akron was $235,000 in April 2024, up 4.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $83.5K | +11.3% |
2 Bedrooms | $154K | $153K | -0.6% |
3 Bedrooms | $216.2K | $219K | +1.3% |
4 Bedrooms | $245K | $316K | +29.0% |
5+ Bedrooms | $307.5K | $472.5K | +53.7% |
Summary: Northwest Akron housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 53.7%.
Median Sold Price Compared To Nearby Neighborhoods
Wallhaven | $166K | $190.5K | +14.8% |
Northwest Akron | $225K | $235K | +4.4% |
Highland Square | $134.9K | $140K | +3.8% |
Merriman Valley | $280K | $255.5K | -8.8% |
Housing Supply in Northwest Akron, OH
How many homes are available in Northwest Akron, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 46 | +2.2% |
Summary: The Northwest Akron real estate market had 46 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 27 | 21 | -22.2% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Northwest Akron housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Northwest Akron in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Northwest Akron, OH
How long does it take to sell a home in Northwest Akron, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 23 Days | -28.3% |
Summary: Homes in Northwest Akron had an average of 23 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Northwest Akron; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.