Is Spring Valley, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Valley is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Spring Valley was a Seller's Market.

Key Takeaway

Spring Valley 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 Spring Valley, OH

How much do homes in Spring Valley, OH cost?

Median Sold Price

$307,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$120,000(-28.1%)

Key Takeaway

Homes in Spring Valley have sold for 28.1% less than they did a year ago.

Summary: The median home sold price in Spring Valley was $307,500 in May 2024, down 28.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$169.9K
N/A
3 $315K$235K
-25.4%
4 $430K$861K
+100.2%
5+ $639.4K$735K
+14.9%

Summary: Spring Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.4%, 4 bedroom homes increased by 100.2%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Spring Valley Township
-19.1%
Spring Valley
-28.1%

Housing Supply in Spring Valley, OH

How many homes are available in Spring Valley, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
57+40.0%

Summary: The Spring Valley real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 24
+100.0%
5+ 00
0.0%

Summary: The Spring Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Spring Valley in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Valley, OH

How long does it take to sell a home in Spring Valley, OH?

Average Sale Time

May 2023May 2024CHANGE
32 Days50 Days+56.3%

Summary: Homes in Spring Valley had an average of 50 days on market in May 2024, up by 56.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spring Valley has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Spring Valley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Spring Valley, OH

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