Is Portage County, 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, Portage County has remained a Seller's Market.
Housing Prices in Portage County, OH
How much do homes in Portage County, OH cost?
Median Sold Price
$249,623
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Portage County was $249,623 in March 2024, up 7.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96.7K | $77.5K | -19.9% |
2 Bedrooms | $160.5K | $163K | +1.6% |
3 Bedrooms | $204.4K | $226.7K | +10.9% |
4 Bedrooms | $326.7K | $348.9K | +6.8% |
5+ Bedrooms | $300K | $376K | +25.3% |
Summary: Portage County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Counties
Mahoning County | $142.6K | $155.6K | +9.2% |
Portage County | $231.2K | $249.6K | +7.9% |
Stark County | $179.5K | $192.2K | +7.1% |
Summit County | $180.2K | $188.8K | +4.8% |
Geauga County | $330K | $340K | +3.0% |
Housing Supply in Portage County, OH
How many homes are available in Portage County, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
330 | 364 | +10.3% |
Summary: The Portage County real estate market had 364 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 36 | 36 | 0.0% |
3 Bedrooms | 191 | 216 | +13.1% |
4 Bedrooms | 82 | 87 | +6.1% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Portage County 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 remained the same, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 95 | +8.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Portage County in March 2024, up by 8.0% month-over-month. Of the 95 sold homes, 52% were sold under asking, 11% were sold at asking, and 38% were sold over asking.
Days on Market for Portage County, OH
How long does it take to sell a home in Portage County, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 42 Days | +9.2% |
Summary: Homes in Portage County had an average of 42 days on market in Mar 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 95 homes were sold in Portage County; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.