Is LaGrange, 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, LaGrange has remained a Seller's Market.
Key Takeaway
LaGrange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in LaGrange, OH
How much do homes in LaGrange, OH cost?
Median Sold Price
$261,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in LaGrange has remained the same since last year.
Summary: The median home sold price in LaGrange was $261,000 in May 2024, up 0.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $330K | +50.0% |
| 3 Bedrooms | $243.5K | $277K | +13.8% |
| 4 Bedrooms | $379.9K | $254.7K | -32.9% |
| 5+ Bedrooms | $384.9K | $135.5K | -64.8% |
Summary: LaGrange 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 50%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 32.9%, and 5+ bedroom homes decreased by 64.8%.
Median Sold Price Compared To Nearby Cities
| LaGrange | $260K | $261K | 0.4% |
| LaGrange Township | $265K | $260.2K | -1.8% |
Housing Supply in LaGrange, OH
How many homes are available in LaGrange, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The LaGrange real estate market had 28 homes for sale in May 2024, a 12.0% 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 | 0 | 0.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The LaGrange 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 increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in LaGrange, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in LaGrange in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 60% were sold at asking, and 30% were sold over asking.
Days on Market for LaGrange, OH
How long does it take to sell a home in LaGrange, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 67 Days | +36.3% |
Summary: Homes in LaGrange had an average of 67 days on market in May 2024, up by 36.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in LaGrange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in LaGrange; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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