Is Tallmadge, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tallmadge has remained a Seller's Market.
Key Takeaway
Tallmadge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallmadge, OH
How much do homes in Tallmadge, OH cost?
Median Sold Price
$259,950
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tallmadge have sold for 4% more than they did a year ago.
Summary: The median home sold price in Tallmadge was $259,950 in April 2024, up 4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $225K | +1.8% |
| 3 Bedrooms | $235.7K | $250K | +6.0% |
| 4 Bedrooms | $285K | $325K | +14.0% |
| 5+ Bedrooms | $358.5K | $289K | -19.4% |
Summary: Tallmadge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Munroe Falls | $220K | $249.9K | +13.6% |
| Springfield Township | $165.8K | $179.9K | +8.5% |
| Kent | $212.5K | $225K | +5.9% |
| Tallmadge | $249.9K | $259.9K | +4.0% |
| Brimfield Township | $260K | $246.5K | -5.2% |
Housing Supply in Tallmadge, OH
How many homes are available in Tallmadge, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 42 | -16.0% |
Summary: The Tallmadge real estate market had 42 homes for sale in April 2024, a 16.0% decrease 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 14 | 8 | -42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tallmadge 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 11.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Tallmadge in April 2024, down by 40.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Tallmadge, OH
How long does it take to sell a home in Tallmadge, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 20 Days | -58.7% |
Summary: Homes in Tallmadge had an average of 20 days on market in Apr 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallmadge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Tallmadge; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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