Is West Union, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Union is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Union has remained a Seller's Market.

Key Takeaway

West Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Union, OH

How much do homes in West Union, OH cost?

Median Sold Price

$97,000

$73/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$119,000(-55.1%)

Key Takeaway

Homes in West Union have sold for 55.1% less than they did a month ago.

Summary: The median home sold price in West Union was $97,000 in March 2024, down 55.1% from last month, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $216K$97K
-55.1%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: West Union housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tiffin Township
-4.5%
West Union
-55.1%
Liberty Township
-55.1%

Housing Supply in West Union, OH

How many homes are available in West Union, OH?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
440.0%

Summary: The West Union real estate market had 4 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 01
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The West Union 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Union, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in West Union in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Union, OH

How long does it take to sell a home in West Union, OH?

Average Sale Time

Feb 2024Mar 2024CHANGE
95 Days287 Days+202.1%

Summary: Homes in West Union had an average of 287 days on market in Mar 2024, up by 202.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Union are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in West Union; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in West Union, OH

Nearby Markets to West Union, OH

What housing markets are near West Union, OH?