Is University of Akron, 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, University of Akron was a Seller's Market.
Key Takeaway
University of Akron is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in University of Akron, OH
How much do homes in University of Akron, OH cost?
Median Sold Price
$103,500
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in University of Akron have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in University of Akron was $103,500 in March 2024, up 8.8% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $54.9K | $64K | +16.5% |
| 3 Bedrooms | $69.2K | $84.5K | +22.1% |
| 4 Bedrooms | $104K | $93K | -10.6% |
| 5+ Bedrooms | $106.4K | $140K | +31.5% |
Summary: University of Akron 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 increased by 16.5%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $52.7K | $67.5K | +28.1% |
| University of Akron | $95.1K | $103.5K | +8.8% |
| South Akron | $75K | $80.2K | +6.9% |
Housing Supply in University of Akron, OH
How many homes are available in University of Akron, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The University of Akron real estate market had 28 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The University of Akron housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University of Akron, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in University of Akron in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for University of Akron, OH
How long does it take to sell a home in University of Akron, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 54 Days | -27.5% |
Summary: Homes in University of Akron had an average of 54 days on market in Mar 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in University of Akron are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in University of Akron; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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