Is Wadsworth, 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, Wadsworth has remained a Seller's Market.
Key Takeaway
Wadsworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadsworth, OH
How much do homes in Wadsworth, OH cost?
Median Sold Price
$287,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wadsworth have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Wadsworth was $287,000 in May 2024, up 13.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | - | N/A |
| 2 Bedrooms | $185K | $175K | -5.4% |
| 3 Bedrooms | $237.5K | $260K | +9.5% |
| 4 Bedrooms | $348K | $365K | +4.9% |
| 5+ Bedrooms | $443K | $500K | +12.9% |
Summary: Wadsworth 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 decreased by 5.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Sharon Township | $470K | $552K | +17.4% |
| Wadsworth | $253.2K | $287K | +13.3% |
| Wadsworth Township | $255.2K | $287K | +12.4% |
| Norton | $255K | $230K | -9.8% |
Housing Supply in Wadsworth, OH
How many homes are available in Wadsworth, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 98 | +21.0% |
Summary: The Wadsworth real estate market had 98 homes for sale in May 2024, a 21.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 10 | +233.3% |
| 3 Bedrooms | 36 | 47 | +30.6% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wadsworth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 233.3%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 32 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wadsworth, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Wadsworth in May 2024, up by 60.0% month-over-month. Of the 31 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for Wadsworth, OH
How long does it take to sell a home in Wadsworth, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 27 Days | -28.8% |
Summary: Homes in Wadsworth had an average of 27 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wadsworth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Wadsworth; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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