Is Warren, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Warren has remained a Seller's Market.
Key Takeaway
Warren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren, OH
How much do homes in Warren, OH cost?
Median Sold Price
$126,876
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warren have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Warren was $126,876 in April 2024, down 5.9% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.4K | $54.5K | +17.3% |
| 2 Bedrooms | $99.9K | $89.9K | -10.1% |
| 3 Bedrooms | $129.9K | $126.3K | -2.8% |
| 4 Bedrooms | $185K | $188.5K | +1.9% |
| 5+ Bedrooms | $238K | $230K | -3.4% |
Summary: Warren housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Niles | $105K | $124.9K | +19.0% |
| Howland Township | $180.6K | $191K | +5.7% |
| Warren | $134.9K | $126.8K | -5.9% |
| Warren Township | $134.4K | $126K | -6.2% |
Housing Supply in Warren, OH
How many homes are available in Warren, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 219 | 210 | -4.1% |
Summary: The Warren real estate market had 210 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 42 | 43 | +2.4% |
| 3 Bedrooms | 119 | 108 | -9.2% |
| 4 Bedrooms | 46 | 47 | +2.2% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Warren housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 62 | -7.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Warren in April 2024, down by 7.5% month-over-month. Of the 62 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Warren, OH
How long does it take to sell a home in Warren, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 45 Days | +78.5% |
Summary: Homes in Warren had an average of 45 days on market in Apr 2024, up by 78.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 62 homes were sold in Warren; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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