Is Ohio City, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ohio City was a Seller's Market.
Key Takeaway
Ohio City 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 Ohio City, OH
How much do homes in Ohio City, OH cost?
Median Sold Price
$311,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ohio City have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Ohio City was $311,000 in April 2024, up 9.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.5K | $165K | +3.4% |
| 2 Bedrooms | $276K | $275K | -0.4% |
| 3 Bedrooms | $405K | $446.4K | +10.2% |
| 4 Bedrooms | $355K | $269K | -24.2% |
| 5+ Bedrooms | $280K | $278K | -0.7% |
Summary: Ohio City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in Ohio City, OH
How many homes are available in Ohio City, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 60 | -4.8% |
Summary: The Ohio City real estate market had 60 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ohio City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ohio City, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ohio City in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Ohio City, OH
How long does it take to sell a home in Ohio City, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 35 Days | -57.8% |
Summary: Homes in Ohio City had an average of 35 days on market in Apr 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ohio City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Ohio City; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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