Is Broadway-Slavic village, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Broadway-Slavic village has remained a Neutral Market.
Key Takeaway
Broadway-Slavic village is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Broadway-Slavic village, OH
How much do homes in Broadway-Slavic village, OH cost?
Median Sold Price
$71,750
$41/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Broadway-Slavic village have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Broadway-Slavic village was $71,750 in May 2024, up 19.6% from last year, and the median price per square foot was $41.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $17K | N/A |
| 2 Bedrooms | $42K | $50K | +18.8% |
| 3 Bedrooms | $56.3K | $69K | +22.4% |
| 4 Bedrooms | $56K | $73.5K | +31.3% |
| 5+ Bedrooms | $88.4K | $85K | -3.8% |
Summary: Broadway-Slavic village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Broadway-Slavic village | $60K | $71.7K | +19.6% |
| Kinsman | $50K | $55K | +10.0% |
Housing Supply in Broadway-Slavic village, OH
How many homes are available in Broadway-Slavic village, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 77 | -8.3% |
Summary: The Broadway-Slavic village real estate market had 77 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The Broadway-Slavic village housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 12 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway-Slavic village, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Broadway-Slavic village in May 2024, down by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Broadway-Slavic village, OH
How long does it take to sell a home in Broadway-Slavic village, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 62 Days | -0.1% |
Summary: Homes in Broadway-Slavic village had an average of 62 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadway-Slavic village are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Broadway-Slavic village; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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