Is Southern Orchards, 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, Southern Orchards has remained a Seller's Market.
Housing Prices in Southern Orchards, OH
How much do homes in Southern Orchards, OH cost?
Median Sold Price
$275,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southern Orchards was $275,000 in May 2024, up 4.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185.4K | $215K | +15.9% |
3 Bedrooms | $283.5K | $275K | -3.0% |
4 Bedrooms | $315.5K | $357.1K | +13.2% |
5+ Bedrooms | $156K | $322K | +106.4% |
Summary: Southern Orchards 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 increased by 15.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 106.4%.
Median Sold Price Compared To Nearby Neighborhoods
Driving Park | $179K | $220K | +22.9% |
Southern Orchards | $262.4K | $275K | +4.8% |
Old Oaks | $302.5K | $310K | +2.5% |
Schumacher Place | $468K | $465K | -0.6% |
Housing Supply in Southern Orchards, OH
How many homes are available in Southern Orchards, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 35 | +34.6% |
Summary: The Southern Orchards real estate market had 35 homes for sale in May 2024, a 34.6% 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 | 5 | 9 | +80.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Southern Orchards 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 80%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Southern Orchards in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Southern Orchards, OH
How long does it take to sell a home in Southern Orchards, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 32 Days | +1063.6% |
Summary: Homes in Southern Orchards had an average of 32 days on market in May 2024, up by 1063.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Southern Orchards; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.