Is University of Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, University of Akron was a Seller's Market.
Housing Prices in University of Akron, OH
How much do homes in University of Akron, OH cost?
Median Sold Price
$100,000
$72/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in University of Akron was $100,000 in April 2024, the same as last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $64.9K | $64K | -1.4% |
3 Bedrooms | $69.6K | $84.5K | +21.5% |
4 Bedrooms | $103.5K | $94K | -9.2% |
5+ Bedrooms | $106.7K | $145.5K | +36.4% |
Summary: University of Akron 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 decreased by 1.4%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Akron | $109K | $152K | +39.4% |
South Akron | $75K | $80.2K | +6.9% |
University of Akron | $100K | $100K | 0.0% |
Housing Supply in University of Akron, OH
How many homes are available in University of Akron, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The University of Akron real estate market had 24 homes for sale in April 2024, a 4.0% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The University of Akron 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in University of Akron in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for University of Akron, OH
How long does it take to sell a home in University of Akron, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 68 Days | +29.7% |
Summary: Homes in University of Akron had an average of 68 days on market in Apr 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in University of Akron; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.