Is Mount Sterling, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Sterling has remained a Seller's Market.
Housing Prices in Mount Sterling, OH
How much do homes in Mount Sterling, OH cost?
Median Sold Price
$259,825
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Sterling was $259,825 in April 2024, up 17% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $46K | N/A |
2 Bedrooms | $158.5K | $190K | +19.9% |
3 Bedrooms | $221K | $279.7K | +26.6% |
4 Bedrooms | $275K | $366.4K | +33.3% |
5+ Bedrooms | $388.5K | $210K | -45.9% |
Summary: Mount Sterling housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
Mount Sterling | $222K | $259.8K | +17.0% |
Pleasant Township | $222K | $236K | +6.3% |
Housing Supply in Mount Sterling, OH
How many homes are available in Mount Sterling, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Mount Sterling real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Sterling housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mount Sterling in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Sterling, OH
How long does it take to sell a home in Mount Sterling, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 22 Days | -41.2% |
Summary: Homes in Mount Sterling had an average of 22 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mount Sterling; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.