Is South Side, 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, South Side has remained a Seller's Market.
Key Takeaway
South Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Side, OH
How much do homes in South Side, OH cost?
Median Sold Price
$61,800
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Side have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in South Side was $61,800 in May 2024, up 16.2% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $44.4K | +11.0% |
| 2 Bedrooms | $50.8K | $52K | +2.3% |
| 3 Bedrooms | $57K | $76K | +33.3% |
| 4 Bedrooms | $49.8K | $48.3K | -2.9% |
| 5+ Bedrooms | $19.5K | $65K | +232.7% |
Summary: South Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 232.7%.
Median Sold Price Compared To Nearby Neighborhoods
| South Side | $53.2K | $61.8K | +16.2% |
| Beverly | $155K | $170K | +9.7% |
| Glendale-Heatherdowns | $178K | $185.5K | +4.2% |
| ONYX | $30.9K | $31.5K | +1.8% |
| Scott Park | $85K | $84K | -1.2% |
Housing Supply in South Side, OH
How many homes are available in South Side, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 60 | 0.0% |
Summary: The South Side real estate market had 60 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Side 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 decreased by 22.2%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Side, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in South Side in May 2024, up by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for South Side, OH
How long does it take to sell a home in South Side, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +9.6% |
Summary: Homes in South Side had an average of 52 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Side has remained consistent over time.
Summary: During May 2024, 20 homes were sold in South Side; 35% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.