Is Gratis, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gratis has remained a Seller's Market.
Key Takeaway
Gratis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gratis, OH
How much do homes in Gratis, OH cost?
Median Sold Price
$213,000
$138/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Gratis have sold for 7.3% more than they did a month ago.
Summary: The median home sold price in Gratis was $213,000 in May 2024, up 7.3% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $198.5K | $209K | +5.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $332K | N/A |
Summary: Gratis housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Gratis, OH
How many homes are available in Gratis, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Gratis real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gratis 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gratis, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Gratis in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Gratis, OH
How long does it take to sell a home in Gratis, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +46.9% |
Summary: Homes in Gratis had an average of 39 days on market in May 2024, up by 46.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gratis has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Gratis; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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