Is South Amherst, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Amherst is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, South Amherst was a Seller's Market.

Key Takeaway

South Amherst is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in South Amherst, OH cost?

Median Sold Price

$194,950

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$36,250(+22.8%)

Key Takeaway

Homes in South Amherst have sold for 22.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $114K$135K
+18.4%
3 $150K$197.4K
+31.6%
4 $190K$190.4K
0.2%
5+ $222K$186.9K
-15.8%

Median Sold Price Compared To Nearby Cities

Amherst Township
+28.9%
South Amherst
+22.8%
New Russia Township
+1.1%

How many homes are available in South Amherst, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
76-14.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 10
-100.0%
3 44
0.0%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Amherst, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days8 Days-70.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Amherst are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About South Amherst, OH

Number of homes for sale in South Amherst, OH real estate market have reached 6. In November 2022 in South Amherst, OH there were 14.3% less homes for sale than in October 2022. In November 2022 median list price was $194,950 and the average listing age was 8 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 18.4%, 3 bedrooms properties prices increased by 31.6%, the cost of 4 bedrooms properties went up by 0.2%, 5 bedrooms properties prices decreased by 15.8%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 100%, 3 bedrooms homes did not move, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In November 2022 more than 0 listings in South Amherst, OH were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.