Is Monroeville, 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, Monroeville has remained a Seller's Market.
Key Takeaway
Monroeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroeville, OH
How much do homes in Monroeville, OH cost?
Median Sold Price
$180,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroeville have sold for 21% more than they did a year ago.
Summary: The median home sold price in Monroeville was $180,000 in May 2024, up 21% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $130K | $143K | +10.0% |
| 3 Bedrooms | $120K | $170K | +41.7% |
| 4 Bedrooms | $225K | $242.5K | +7.8% |
| 5+ Bedrooms | - | $167K | N/A |
Summary: Monroeville 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 10%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Housing Supply in Monroeville, OH
How many homes are available in Monroeville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Monroeville real estate market had 8 homes for sale in May 2024, a 33.3% 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 | 1 | +100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Monroeville 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 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Monroeville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Monroeville in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monroeville, OH
How long does it take to sell a home in Monroeville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 149 Days | 70 Days | -52.7% |
Summary: Homes in Monroeville had an average of 70 days on market in May 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroeville has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Monroeville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
