Is Portage County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portage County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Portage County has remained a Seller's Market.

Key Takeaway

Portage County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Portage County, OH

How much do homes in Portage County, OH cost?

Median Sold Price

$249,757

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,475(+6.2%)

Key Takeaway

Homes in Portage County have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Portage County was $249,757 in April 2024, up 6.2% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $96.7K$77.5K
-19.9%
2 $160K$167K
+4.4%
3 $205.3K$229.6K
+11.8%
4 $332.2K$349.7K
+5.3%
5+ $315K$345K
+9.5%

Summary: Portage County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Counties

Mahoning County
+10.1%
Stark County
+7.9%
Portage County
+6.2%
Summit County
+4.2%
Geauga County
+3.2%

Housing Supply in Portage County, OH

How many homes are available in Portage County, OH?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
372394+5.9%

Summary: The Portage County real estate market had 394 homes for sale in April 2024, a 5.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 3738
+2.7%
3 220222
+0.9%
4 91110
+20.9%
5+ 2324
+4.3%

Summary: The Portage County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
106127+19.8%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portage County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 127 homes were sold or pending in Portage County in April 2024, up by 19.8% month-over-month. Of the 126 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.

Days on Market for Portage County, OH

How long does it take to sell a home in Portage County, OH?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days39 Days+14.6%

Summary: Homes in Portage County had an average of 39 days on market in Apr 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portage County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 127 homes were sold in Portage County; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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