Is Painesville Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Painesville Township has remained a Seller's Market.
Housing Prices in Painesville Township, OH
How much do homes in Painesville Township, OH cost?
Median Sold Price
$199,600
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Painesville Township was $199,600 in March 2024, up 7.3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.9K | $119.9K | +60.1% |
2 Bedrooms | $116.9K | $135K | +15.4% |
3 Bedrooms | $175K | $198K | +13.1% |
4 Bedrooms | $295K | $301.4K | +2.2% |
5+ Bedrooms | $229.9K | $308K | +33.9% |
Summary: Painesville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Cities
Painesville Township | $186K | $199.6K | +7.3% |
Painesville | $189.2K | $195.5K | +3.3% |
Concord Township | $305K | $313K | +2.6% |
Housing Supply in Painesville Township, OH
How many homes are available in Painesville Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 110 | -2.7% |
Summary: The Painesville Township real estate market had 110 homes for sale in March 2024, a 2.7% decrease 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 | 16 | 17 | +6.3% |
3 Bedrooms | 72 | 63 | -12.5% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Painesville Township 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 6.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Painesville Township in March 2024, the same as the previous month. Of the 30 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for Painesville Township, OH
How long does it take to sell a home in Painesville Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 47 Days | -5.9% |
Summary: Homes in Painesville Township had an average of 47 days on market in Mar 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Painesville Township; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.