Is Highland Square, 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, Highland Square has remained a Seller's Market.
Key Takeaway
Highland Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Square, OH
How much do homes in Highland Square, OH cost?
Median Sold Price
$140,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Highland Square have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Highland Square was $140,000 in May 2024, up 3.7% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $94.9K | +4.3% |
| 2 Bedrooms | $105K | $120K | +14.3% |
| 3 Bedrooms | $125K | $136.4K | +9.2% |
| 4 Bedrooms | $150K | $142.5K | -5.0% |
| 5+ Bedrooms | $168.5K | $178.5K | +5.9% |
Summary: Highland Square housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West Akron | $104.2K | $122.2K | +17.2% |
| Northwest Akron | $225K | $245K | +8.9% |
| Highland Square | $135K | $140K | +3.7% |
| West Hill | $120K | $116.8K | -2.6% |
Housing Supply in Highland Square, OH
How many homes are available in Highland Square, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Highland Square real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Highland Square housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
4 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 Highland Square, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Highland Square in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Highland Square, OH
How long does it take to sell a home in Highland Square, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 68 Days | +226.3% |
Summary: Homes in Highland Square had an average of 68 days on market in May 2024, up by 226.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Highland Square has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Highland Square; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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