Is Fredericktown, 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, Fredericktown has remained a Seller's Market.
Key Takeaway
Fredericktown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fredericktown, OH
How much do homes in Fredericktown, OH cost?
Median Sold Price
$240,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fredericktown have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Fredericktown was $240,000 in May 2024, up 14.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.2K | - | N/A |
| 2 Bedrooms | $139K | $172.5K | +24.1% |
| 3 Bedrooms | $203.7K | $240K | +17.8% |
| 4 Bedrooms | $231K | $237.4K | +2.8% |
| 5+ Bedrooms | $420K | $440K | +4.8% |
Summary: Fredericktown 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 increased by 24.1%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Morris Township | $270K | $329.9K | +22.2% |
| Fredericktown | $210K | $240K | +14.3% |
Housing Supply in Fredericktown, OH
How many homes are available in Fredericktown, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Fredericktown real estate market had 18 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Fredericktown 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fredericktown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Fredericktown in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Fredericktown, OH
How long does it take to sell a home in Fredericktown, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -18.0% |
Summary: Homes in Fredericktown had an average of 19 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
6 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 Fredericktown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Fredericktown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.