$3,563 Closing Credit*
$300,000
2,368 SqFt
4 Beds
•2 Full Baths, 2 Partial
Christian A Lamb, Listing Office: Keller Williams Legacy Group Realty
Is Summit County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Summit County has remained a Seller's Market.
Key Takeaway
Summit County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit County, OH
How much do homes in Summit County, OH cost?
Median Sold Price
$199,930
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$17,685(+9.7%)
Key Takeaway
Homes in Summit County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Summit County was $199,930 in September 2024, up 9.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $84.5K | +5.6% |
| 2 Bedrooms | $123.1K | $140.6K | +14.3% |
| 3 Bedrooms | $176K | $190.3K | +8.2% |
| 4 Bedrooms | $285.7K | $307.3K | +7.6% |
| 5+ Bedrooms | $307.5K | $342K | +11.2% |
Summary: Summit County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Counties
| Stark County | $184.9K | $205.2K | +11.0% |
| Summit County | $182.2K | $199.9K | +9.7% |
| Medina County | $299.6K | $322.9K | +7.8% |
| Cuyahoga County | $184.9K | $195K | +5.4% |
| Portage County | $238.6K | $250K | +4.8% |
Housing Supply in Summit County, OH
How many homes are available in Summit County, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,947 | 1,928 | -1.0% |
Summary: The Summit County real estate market had 1,928 homes for sale in September 2024, a 1.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 311 | 310 | -0.3% |
| 3 Bedrooms | 922 | 916 | -0.7% |
| 4 Bedrooms | 533 | 526 | -1.3% |
| 5+ Bedrooms | 166 | 161 | -3.0% |
Summary: The Summit County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 617 | 456 | -26.1% |
Asking Price vs. Sold Price
198 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
177 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit County, you may be able to get a good deal. 43.7% of homes here sold below asking price last month.
Summary: A total of 456 homes were sold or pending in Summit County in September 2024, down by 26.1% month-over-month. Of the 453 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Summit County, OH
How long does it take to sell a home in Summit County, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 29 Days | -2.6% |
Summary: Homes in Summit County had an average of 29 days on market in Sep 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
297 Homes Were Sold
Under 30 Days
136 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summit County are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 456 homes were sold in Summit County; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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