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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twinsburg is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Twinsburg has remained a Seller's Market.

Key Takeaway

Twinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Twinsburg, OH

How much do homes in Twinsburg, OH cost?

Median Sold Price

$316,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,000(+1.9%)

Key Takeaway

Homes in Twinsburg have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Twinsburg was $316,000 in May 2024, up 1.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85.5K$107.5K
+25.7%
2 $220.6K$240K
+8.8%
3 $260K$280K
+7.7%
4 $408.2K$440K
+7.8%
5+ $525K$676K
+28.8%

Summary: Twinsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 28.8%.

Median Sold Price Compared To Nearby Cities

Twinsburg
+1.9%
Twinsburg Township
+1.4%
Macedonia
-2.1%
Reminderville
-4.6%

Housing Supply in Twinsburg, OH

How many homes are available in Twinsburg, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4654+17.4%

Summary: The Twinsburg real estate market had 54 homes for sale in May 2024, a 17.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 1722
+29.4%
4 1515
0.0%
5+ 25
+150.0%

Summary: The Twinsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1423+64.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twinsburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Twinsburg in May 2024, up by 64.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.

Days on Market for Twinsburg, OH

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

Average Sale Time

May 2023May 2024CHANGE
27 Days22 Days-18.1%

Summary: Homes in Twinsburg had an average of 22 days on market in May 2024, down by 18.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 23 homes were sold in Twinsburg; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 18 Days Ago

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