Is West Akron, 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, West Akron has remained a Seller's Market.
Key Takeaway
West Akron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Akron, OH
How much do homes in West Akron, OH cost?
Median Sold Price
$121,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Akron have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in West Akron was $121,000 in March 2024, up 16.9% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | - | N/A |
| 2 Bedrooms | $68.2K | $58.7K | -13.9% |
| 3 Bedrooms | $104.8K | $130K | +24.0% |
| 4 Bedrooms | $122.5K | $137.5K | +12.2% |
| 5+ Bedrooms | $105K | $178K | +69.5% |
Summary: West 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 decreased by 13.9%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Akron | $103.4K | $121K | +16.9% |
| Highland Square | $135.7K | $135K | -0.5% |
| Lane-Wooster | $75.9K | $75K | -1.3% |
Housing Supply in West Akron, OH
How many homes are available in West Akron, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 62 | -1.6% |
Summary: The West Akron real estate market had 62 homes for sale in March 2024, a 1.6% decrease 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The West 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 increased by 100%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Akron, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in West Akron in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for West Akron, OH
How long does it take to sell a home in West Akron, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 84 Days | +112.4% |
Summary: Homes in West Akron had an average of 84 days on market in Mar 2024, up by 112.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Akron has remained consistent over time.
Summary: During March 2024, 17 homes were sold in West Akron; 24% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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