Is West Akron, 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, West Akron has remained a Seller's Market.
Housing Prices in West Akron, OH
How much do homes in West Akron, OH cost?
Median Sold Price
$118,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Akron was $118,000 in April 2024, up 11.8% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | - | N/A |
2 Bedrooms | $68.2K | $63.9K | -6.3% |
3 Bedrooms | $110.7K | $119.5K | +7.9% |
4 Bedrooms | $127.5K | $132K | +3.5% |
5+ Bedrooms | $105K | $178K | +69.5% |
Summary: West 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 6.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Neighborhoods
West Akron | $105.5K | $118K | +11.8% |
Highland Square | $134.9K | $140K | +3.8% |
Lane-Wooster | $76.9K | $79.4K | +3.3% |
Housing Supply in West Akron, OH
How many homes are available in West Akron, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 60 | 0.0% |
Summary: The West Akron real estate market had 60 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 38 | 32 | -15.8% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The West 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 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in West Akron in April 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for West Akron, OH
How long does it take to sell a home in West Akron, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 36 Days | -6.6% |
Summary: Homes in West Akron had an average of 36 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in West Akron; 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.