Is Tallmadge, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tallmadge is a seller's market

Buyer's
Market

Difference Since June 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

$259,700

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$8,700(+3.5%)

Key Takeaway

Homes in Tallmadge have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Tallmadge was $259,700 in June 2024, up 3.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $224.9K$223K
-0.9%
3 $240K$250K
+4.2%
4 $310.5K$325K
+4.7%
5+ $356.5K$316K
-11.4%

Summary: Tallmadge 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 decreased by 0.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Cities

Munroe Falls
+11.5%
Kent
+9.5%
Springfield Township
+6.8%
Tallmadge
+3.5%
Brimfield Township
-8.2%

Housing Supply in Tallmadge, OH

How many homes are available in Tallmadge, OH?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5564+16.4%

Summary: The Tallmadge real estate market had 64 homes for sale in June 2024, a 16.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 3437
+8.8%
4 1216
+33.3%
5+ 12
+100.0%

Summary: The Tallmadge 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 increased by 12.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
916+77.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tallmadge, 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 Tallmadge in June 2024, up by 77.8% 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 Tallmadge, OH

How long does it take to sell a home in Tallmadge, OH?

Average Sale Time

Jun 2023Jun 2024CHANGE
18 Days91 Days+403.1%

Summary: Homes in Tallmadge had an average of 91 days on market in Jun 2024, up by 403.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tallmadge are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 16 homes were sold in Tallmadge; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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