Is Cadiz, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cadiz was a Buyer's Market.
Key Takeaway
Cadiz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cadiz, OH
How much do homes in Cadiz, OH cost?
Median Sold Price
$145,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cadiz have sold for 51.8% more than they did a year ago.
Summary: The median home sold price in Cadiz was $145,000 in May 2024, up 51.8% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $134.9K | +237.5% |
| 2 Bedrooms | $46.7K | $117.5K | +151.3% |
| 3 Bedrooms | $110K | $150K | +36.4% |
| 4 Bedrooms | $106K | $186.5K | +75.9% |
| 5+ Bedrooms | $197.5K | - | N/A |
Summary: Cadiz housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 237.5%, 2 bedroom homes increased by 151.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 75.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cadiz | $95.5K | $145K | +51.8% |
| Cadiz Township | $95.5K | $145K | +51.8% |
Housing Supply in Cadiz, OH
How many homes are available in Cadiz, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Cadiz real estate market had 14 homes for sale in May 2024, a 16.7% increase 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cadiz 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 increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cadiz, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cadiz in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cadiz, OH
How long does it take to sell a home in Cadiz, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 76 Days | 236 Days | +211.4% |
Summary: Homes in Cadiz had an average of 236 days on market in May 2024, up by 211.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cadiz are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Cadiz; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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