Is Youngstown, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Youngstown is a seller's market

Buyer's
Market

Difference Since February 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

$145,000

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,260(+7.6%)

Key Takeaway

Homes in Youngstown have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Youngstown was $145,000 in February 2024, up 7.6% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $81K$77K
-4.9%
2 $96.3K$110K
+14.2%
3 $134.9K$144.8K
+7.3%
4 $159.9K$180.5K
+12.9%
5+ $200.1K$182.5K
-8.8%

Summary: Youngstown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Cities

Struthers
+14.1%
Campbell
+10.5%
Youngstown
+7.6%
Liberty Township
+3.7%

Housing Supply in Youngstown, OH

How many homes are available in Youngstown, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
478482+0.8%

Summary: The Youngstown real estate market had 482 homes for sale in February 2024, a 0.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 42
-50.0%
2 7177
+8.5%
3 264259
-1.9%
4 112114
+1.8%
5+ 2730
+11.1%

Summary: The Youngstown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
119106-10.9%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Youngstown, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Youngstown in February 2024, down by 10.9% month-over-month. Of the 106 sold homes, 58% were sold under asking, 20% were sold at asking, and 23% 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

Feb 2023Feb 2024CHANGE
56 Days55 Days-2.0%

Summary: Homes in Youngstown had an average of 55 days on market in Feb 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

54 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Youngstown has remained consistent over time.

Summary: During February 2024, 106 homes were sold in Youngstown; 29% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 20% 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 Youngstown, OH

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