Is Warren, 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, 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
$125,375
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warren have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Warren was $125,375 in March 2024, down 6.7% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.9K | $58.7K | +28.0% |
| 2 Bedrooms | $99.9K | $90.5K | -9.5% |
| 3 Bedrooms | $127.8K | $126.5K | -1.1% |
| 4 Bedrooms | $180K | $175K | -2.8% |
| 5+ Bedrooms | $240K | $230K | -4.2% |
Summary: Warren housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Niles | $105K | $120K | +14.3% |
| Howland Township | $180.5K | $185K | +2.5% |
| Warren Township | $133.7K | $125K | -6.5% |
| Warren | $134.3K | $125.3K | -6.7% |
| Leavittsburg | $155K | $117.1K | -24.4% |
Housing Supply in Warren, OH
How many homes are available in Warren, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 216 | 217 | 0.5% |
Summary: The Warren real estate market had 217 homes for sale in March 2024, a 0.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 123 | 121 | -1.6% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Warren housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Warren in March 2024, up by 20.4% month-over-month. Of the 65 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 44 Days | -17.7% |
Summary: Homes in Warren had an average of 44 days on market in Mar 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
13 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 March 2024, 65 homes were sold in Warren; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% 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.