Is Tallmadge, 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, Tallmadge has remained a Seller's Market.
Key Takeaway
Tallmadge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallmadge, OH
How much do homes in Tallmadge, OH cost?
Median Sold Price
$262,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tallmadge have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Tallmadge was $262,000 in March 2024, up 5.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $225K | +1.8% |
| 3 Bedrooms | $235K | $250K | +6.4% |
| 4 Bedrooms | $296K | $320K | +8.1% |
| 5+ Bedrooms | $388.7K | $312K | -19.7% |
Summary: Tallmadge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Brimfield Township | $234K | $270.2K | +15.5% |
| Kent | $207.5K | $230K | +10.8% |
| Springfield Township | $165K | $179.9K | +9.1% |
| Tallmadge | $247.6K | $262K | +5.8% |
Housing Supply in Tallmadge, OH
How many homes are available in Tallmadge, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 46 | -19.3% |
Summary: The Tallmadge real estate market had 46 homes for sale in March 2024, a 19.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tallmadge 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 decreased by 30.8%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Tallmadge in March 2024, down by 14.3% month-over-month. Of the 18 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Tallmadge, OH
How long does it take to sell a home in Tallmadge, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 42 Days | -32.2% |
Summary: Homes in Tallmadge had an average of 42 days on market in Mar 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallmadge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Tallmadge; 44% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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