Is Spring Valley, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Spring Valley has remained a Seller's Market.
Key Takeaway
Spring Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Valley, OH
How much do homes in Spring Valley, OH cost?
Median Sold Price
$315,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Spring Valley have sold for 25.9% less than they did a year ago.
Summary: The median home sold price in Spring Valley was $315,000 in June 2024, down 25.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $149.9K | N/A |
| 3 Bedrooms | $292.5K | $228.5K | -21.9% |
| 4 Bedrooms | $430K | $824.5K | +91.7% |
| 5+ Bedrooms | $639.4K | $735K | +14.9% |
Summary: Spring Valley housing prices by bedroom type for June 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 21.9%, 4 bedroom homes increased by 91.7%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Spring Valley Township | $376K | $346K | -8.0% |
| Spring Valley | $425K | $315K | -25.9% |
Housing Supply in Spring Valley, OH
How many homes are available in Spring Valley, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Spring Valley real estate market had 7 homes for sale in June 2024, a 16.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spring Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Valley in June 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 31 Days | -12.5% |
Summary: Homes in Spring Valley had an average of 31 days on market in Jun 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 2 homes were sold in Spring Valley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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