Is Oberlin, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oberlin was a Seller's Market.
Housing Prices in Oberlin, OH
How much do homes in Oberlin, OH cost?
Median Sold Price
$225,050
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oberlin was $225,050 in April 2024, up 7.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $187K | -1.6% |
2 Bedrooms | $158.7K | $178K | +12.1% |
3 Bedrooms | $198K | $226.5K | +14.4% |
4 Bedrooms | $264.9K | $226.8K | -14.4% |
5+ Bedrooms | $285K | $330K | +15.8% |
Summary: Oberlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
New Russia Township | $210K | $297.5K | +41.7% |
Oberlin | $210K | $225K | +7.2% |
Housing Supply in Oberlin, OH
How many homes are available in Oberlin, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Summary: The Oberlin real estate market had 31 homes for sale in April 2024, a 14.8% 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 | 1 | -66.7% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Oberlin 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 decreased by 66.7%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Oberlin in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Oberlin, OH
How long does it take to sell a home in Oberlin, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 30 Days | +103.3% |
Summary: Homes in Oberlin had an average of 30 days on market in Apr 2024, up by 103.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Oberlin; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.