Is East Palestine, 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, East Palestine has remained a Seller's Market.
Key Takeaway
East Palestine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Palestine, OH
How much do homes in East Palestine, OH cost?
Median Sold Price
$134,950
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Palestine have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in East Palestine was $134,950 in May 2024, up 17.3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $90K | $113.2K | +25.8% |
| 3 Bedrooms | $119K | $135K | +13.4% |
| 4 Bedrooms | $144.5K | $138.7K | -4.0% |
| 5+ Bedrooms | $186K | $151.2K | -18.7% |
Summary: East Palestine 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 25.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
| East Palestine | $115K | $134.9K | +17.3% |
| Unity Township | $125K | $145K | +16.0% |
Housing Supply in East Palestine, OH
How many homes are available in East Palestine, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The East Palestine real estate market had 23 homes for sale in May 2024, a 8.0% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Palestine 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 40%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Palestine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Palestine in May 2024, up by 40.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Palestine, OH
How long does it take to sell a home in East Palestine, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 116 Days | 124 Days | +6.4% |
Summary: Homes in East Palestine had an average of 124 days on market in May 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Palestine has remained consistent over time.
Summary: During May 2024, 7 homes were sold in East Palestine; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.