Is Trumbull County, 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, Trumbull County has remained a Seller's Market.
Key Takeaway
Trumbull County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trumbull County, OH
How much do homes in Trumbull County, OH cost?
Median Sold Price
$145,009
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Trumbull County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Trumbull County was $145,009 in March 2024, up 3.7% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.9K | $54.5K | +18.7% |
| 2 Bedrooms | $100K | $104K | +4.0% |
| 3 Bedrooms | $139.9K | $149.8K | +7.1% |
| 4 Bedrooms | $180.2K | $189.7K | +5.3% |
| 5+ Bedrooms | $186.5K | $232.5K | +24.7% |
Summary: Trumbull County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Counties
| Mercer County | $140.1K | $153.9K | +9.9% |
| Mahoning County | $142.6K | $155.6K | +9.2% |
| Portage County | $231.2K | $249.6K | +7.9% |
| Trumbull County | $139.8K | $145K | +3.7% |
| Ashtabula County | $149.9K | $155.4K | +3.7% |
Housing Supply in Trumbull County, OH
How many homes are available in Trumbull County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 507 | 517 | +2.0% |
Summary: The Trumbull County real estate market had 517 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 90 | 100 | +11.1% |
| 3 Bedrooms | 292 | 288 | -1.4% |
| 4 Bedrooms | 98 | 102 | +4.1% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Trumbull County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 155 | +28.1% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trumbull County, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 155 homes were sold or pending in Trumbull County in March 2024, up by 28.1% month-over-month. Of the 154 sold homes, 56% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Trumbull County, OH
How long does it take to sell a home in Trumbull County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 51 Days | -2.4% |
Summary: Homes in Trumbull County had an average of 51 days on market in Mar 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trumbull County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 155 homes were sold in Trumbull County; 43% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.