Is Amherst, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Amherst has remained a Seller's Market.
Housing Prices in Amherst, OH
How much do homes in Amherst, OH cost?
Median Sold Price
$273,895
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Amherst was $273,895 in April 2024, up 10.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173.4K | $157.5K | -9.2% |
3 Bedrooms | $225.5K | $253K | +12.2% |
4 Bedrooms | $280K | $307.5K | +9.8% |
5+ Bedrooms | $396.3K | $522.5K | +31.8% |
Summary: Amherst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Cities
Amherst | $248K | $273.8K | +10.4% |
Amherst Township | $242K | $265K | +9.5% |
Lorain | $132.5K | $139.9K | +5.5% |
Brownhelm Township | $239.9K | $225K | -6.2% |
Housing Supply in Amherst, OH
How many homes are available in Amherst, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Amherst real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Amherst housing inventory by bedroom type for April 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 6.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Amherst in April 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Amherst, OH
How long does it take to sell a home in Amherst, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 25 Days | -65.3% |
Summary: Homes in Amherst had an average of 25 days on market in Apr 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Amherst; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.