Is Northwood, 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, Northwood has remained a Seller's Market.
Housing Prices in Northwood, OH
How much do homes in Northwood, OH cost?
Median Sold Price
$186,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwood was $186,000 in April 2024, up 0.5% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $113K | $130K | +15.0% |
3 Bedrooms | $189K | $195K | +3.2% |
4 Bedrooms | $198.7K | $250.5K | +26.0% |
5+ Bedrooms | - | - | N/A |
Summary: Northwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 26%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Walbridge | $170K | $201.5K | +18.5% |
Lake Township | $190.7K | $222.5K | +16.6% |
Rossford | $195K | $223.9K | +14.8% |
Oregon | $186K | $208.7K | +12.2% |
Northwood | $185K | $186K | 0.5% |
Housing Supply in Northwood, OH
How many homes are available in Northwood, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Northwood real estate market had 20 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Northwood in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Northwood, OH
How long does it take to sell a home in Northwood, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 42 Days | +28.9% |
Summary: Homes in Northwood had an average of 42 days on market in Apr 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Northwood; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.