Is Stow, 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, Stow has remained a Seller's Market.
Key Takeaway
Stow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stow, OH
How much do homes in Stow, OH cost?
Median Sold Price
$260,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stow have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Stow was $260,000 in March 2024, up 4.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $69K | +16.9% |
| 2 Bedrooms | $132K | $161K | +22.0% |
| 3 Bedrooms | $235K | $258.5K | +10.0% |
| 4 Bedrooms | $302.4K | $293K | -3.1% |
| 5+ Bedrooms | $350K | $325K | -7.1% |
Summary: Stow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Stow, OH
How many homes are available in Stow, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 72 | +41.2% |
Summary: The Stow real estate market had 72 homes for sale in March 2024, a 41.2% 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 23 | 33 | +43.5% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Stow 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 increased by 37.5%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stow, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Stow in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Stow, OH
How long does it take to sell a home in Stow, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +35.7% |
Summary: Homes in Stow had an average of 27 days on market in Mar 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stow are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Stow; 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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