Is Tremont, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Tremont was a Seller's Market.
Housing Prices in Tremont, OH
How much do homes in Tremont, OH cost?
Median Sold Price
$385,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tremont was $385,000 in March 2024, up 0.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $288.5K | N/A |
2 Bedrooms | $415.5K | $375K | -9.7% |
3 Bedrooms | $407K | $518.5K | +27.4% |
4 Bedrooms | $310K | $229K | -26.1% |
5+ Bedrooms | $215K | $311.5K | +44.9% |
Summary: Tremont 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 decreased by 9.7%, 3 bedroom homes increased by 27.4%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 44.9%.
Housing Supply in Tremont, OH
How many homes are available in Tremont, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 47 | +30.6% |
Summary: The Tremont real estate market had 47 homes for sale in March 2024, a 30.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tremont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tremont in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Tremont, OH
How long does it take to sell a home in Tremont, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 66 Days | +3.4% |
Summary: Homes in Tremont had an average of 66 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Tremont; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.