Is Youngstown, 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, Youngstown has remained a Seller's Market.
Key Takeaway
Youngstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Youngstown, OH
How much do homes in Youngstown, OH cost?
Median Sold Price
$145,507
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Youngstown have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Youngstown was $145,507 in March 2024, up 8.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $78.4K | -3.1% |
| 2 Bedrooms | $97K | $115K | +18.6% |
| 3 Bedrooms | $134.9K | $145.4K | +7.7% |
| 4 Bedrooms | $161.7K | $180.3K | +11.5% |
| 5+ Bedrooms | $200K | $195K | -2.5% |
Summary: Youngstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Campbell | $90.7K | $109K | +20.1% |
| Struthers | $112.2K | $129.5K | +15.4% |
| Youngstown | $134.1K | $145.5K | +8.5% |
| Liberty Township | $135K | $141K | +4.4% |
Housing Supply in Youngstown, OH
How many homes are available in Youngstown, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 479 | 491 | +2.5% |
Summary: The Youngstown real estate market had 491 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 76 | 77 | +1.3% |
| 3 Bedrooms | 267 | 268 | 0.4% |
| 4 Bedrooms | 106 | 106 | 0.0% |
| 5+ Bedrooms | 28 | 36 | +28.6% |
Summary: The Youngstown 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 1.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 125 | +5.9% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Youngstown, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in Youngstown in March 2024, up by 5.9% month-over-month. Of the 125 sold homes, 54% were sold under asking, 16% were sold at asking, and 30% were sold over asking.
Days on Market for Youngstown, OH
How long does it take to sell a home in Youngstown, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 63 Days | +25.5% |
Summary: Homes in Youngstown had an average of 63 days on market in Mar 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Youngstown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 125 homes were sold in Youngstown; 38% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved