Is Rome, 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, Rome has remained a Seller's Market.
Key Takeaway
Rome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rome, OH
How much do homes in Rome, OH cost?
Median Sold Price
$239,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rome have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Rome was $239,000 in May 2024, down 0.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $145K | -55.4% |
| 3 Bedrooms | $216.3K | $226K | +4.5% |
| 4 Bedrooms | $268K | $303K | +13.1% |
| 5+ Bedrooms | $370K | $380K | +2.7% |
Summary: Rome 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 decreased by 55.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Rome Township | $240.9K | $250K | +3.8% |
| Morgan Township | $220K | $225.4K | +2.5% |
| Rome | $240.9K | $239K | -0.8% |
| Roaming Shores | $268K | $257.5K | -3.9% |
Housing Supply in Rome, OH
How many homes are available in Rome, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Rome real estate market had 20 homes for sale in May 2024, a 5.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rome 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rome in May 2024, up by 350.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Rome, OH
How long does it take to sell a home in Rome, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 168 Days | 40 Days | -76.0% |
Summary: Homes in Rome had an average of 40 days on market in May 2024, down by 76% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rome are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Rome; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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