$4,749 Closing Credit*
$399,900
1,903 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tina L White, Listing Office: EXP Realty, LLC.
Is Tallmadge, 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, 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
$266,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,500(+6.6%)
Key Takeaway
Homes in Tallmadge have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Tallmadge was $266,500 in September 2024, up 6.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.5K | $224K | -1.5% |
| 3 Bedrooms | $240K | $255K | +6.3% |
| 4 Bedrooms | $319K | $329.9K | +3.4% |
| 5+ Bedrooms | $346.7K | $299.9K | -13.5% |
Summary: Tallmadge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Munroe Falls | $229K | $255K | +11.4% |
| Springfield Township | $168.7K | $181.4K | +7.5% |
| Brimfield Township | $256K | $275K | +7.4% |
| Tallmadge | $250K | $266.5K | +6.6% |
| Kent | $219.9K | $234K | +6.4% |
Housing Supply in Tallmadge, OH
How many homes are available in Tallmadge, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 66 | 63 | -4.5% |
Summary: The Tallmadge real estate market had 63 homes for sale in September 2024, a 4.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 49 | 38 | -22.4% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tallmadge 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 increased by 150%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Tallmadge in September 2024, down by 11.8% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +42.1% |
Summary: Homes in Tallmadge had an average of 29 days on market in Sep 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 15 homes were sold in Tallmadge; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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