Is Massillon, 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, Massillon has remained a Seller's Market.
Key Takeaway
Massillon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Massillon, OH
How much do homes in Massillon, OH cost?
Median Sold Price
$190,750
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Massillon have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Massillon was $190,750 in May 2024, up 9.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $40K | -54.3% |
| 2 Bedrooms | $119K | $130K | +9.2% |
| 3 Bedrooms | $170K | $189.9K | +11.7% |
| 4 Bedrooms | $270K | $270.5K | 0.2% |
| 5+ Bedrooms | $287K | $322.5K | +12.4% |
Summary: Massillon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Perry Township | $179K | $200.9K | +12.3% |
| Tuscarawas Township | $187.5K | $207.5K | +10.7% |
| Massillon | $174.8K | $190.7K | +9.1% |
| Navarre | $175K | $159.5K | -8.9% |
| North Lawrence | $295.7K | $233.7K | -21.0% |
Housing Supply in Massillon, OH
How many homes are available in Massillon, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 204 | 201 | -1.5% |
Summary: The Massillon real estate market had 201 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 119 | 115 | -3.4% |
| 4 Bedrooms | 44 | 46 | +4.5% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Massillon 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 3.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 69 | -1.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Massillon, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Massillon in May 2024, down by 1.4% month-over-month. Of the 68 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Massillon, OH
How long does it take to sell a home in Massillon, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 36 Days | +117.9% |
Summary: Homes in Massillon had an average of 36 days on market in May 2024, up by 117.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Massillon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Massillon; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.