Is Twinsburg, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$315,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Twinsburg have sold for 1% more than they did a year ago.
Summary: The median home sold price in Twinsburg was $315,000 in June 2024, up 1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.5K | $107.5K | +25.7% |
| 2 Bedrooms | $224.4K | $240K | +7.0% |
| 3 Bedrooms | $259.5K | $280K | +7.9% |
| 4 Bedrooms | $422.5K | $435.1K | +3.0% |
| 5+ Bedrooms | $535K | $559.4K | +4.6% |
Summary: Twinsburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Twinsburg | $312K | $315K | +1.0% |
| Twinsburg Township | $333K | $328.5K | -1.4% |
| Macedonia | $318.5K | $299.2K | -6.0% |
| Reminderville | $325K | $305K | -6.2% |
Housing Supply in Twinsburg, OH
How many homes are available in Twinsburg, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 59 | -3.3% |
Summary: The Twinsburg real estate market had 59 homes for sale in June 2024, a 3.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Twinsburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twinsburg, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Twinsburg in June 2024, down by 28.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 11% were sold at asking, and 72% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +65.1% |
Summary: Homes in Twinsburg had an average of 29 days on market in Jun 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Twinsburg are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 18 homes were sold in Twinsburg; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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