Is Kinsman, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Kinsman has remained a Seller's Market.
Key Takeaway
Kinsman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kinsman, OH
How much do homes in Kinsman, OH cost?
Median Sold Price
$240,000
$152/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Kinsman have sold for 140% more than they did a month ago.
Summary: The median home sold price in Kinsman was $240,000 in May 2024, up 140% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $110K | $240K | +118.2% |
| 4 Bedrooms | $90K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kinsman housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 118.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kinsman | $100K | $240K | +140.0% |
| Kinsman Township | $100K | $240K | +140.0% |
| Vernon Township | $110K | $240K | +118.2% |
| Gustavus Township | $325K | $205K | -36.9% |
Housing Supply in Kinsman, OH
How many homes are available in Kinsman, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Kinsman real estate market had 6 homes for sale in May 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kinsman 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kinsman, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Kinsman in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Kinsman, OH
How long does it take to sell a home in Kinsman, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 49 Days | +518.8% |
Summary: Homes in Kinsman had an average of 49 days on market in May 2024, up by 518.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kinsman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Kinsman; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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