Is South Side, 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, South Side was a Seller's Market.
Key Takeaway
South Side 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 South Side, OH
How much do homes in South Side, OH cost?
Median Sold Price
$65,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Side have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in South Side was $65,000 in April 2024, up 8.2% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $37.5K | N/A |
| 2 Bedrooms | $46K | $48.2K | +4.9% |
| 3 Bedrooms | $60K | $65.2K | +8.7% |
| 4 Bedrooms | $70K | $75.5K | +7.7% |
| 5+ Bedrooms | $70K | $149K | +112.9% |
Summary: South Side 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 4.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 112.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Lansingville | $45K | $57K | +26.7% |
| South Side | $60K | $65K | +8.2% |
Housing Supply in South Side, OH
How many homes are available in South Side, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 75 | -5.1% |
Summary: The South Side real estate market had 75 homes for sale in April 2024, a 5.1% decrease 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 | 13 | 16 | +23.1% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Side 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 23.1%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 12 | -55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Side, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in South Side in April 2024, down by 55.6% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for South Side, OH
How long does it take to sell a home in South Side, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +18.3% |
Summary: Homes in South Side had an average of 46 days on market in Apr 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Side are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in South Side; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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