Is Ashtabula County, 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, Ashtabula County has remained a Seller's Market.
Key Takeaway
Ashtabula County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ashtabula County, OH
How much do homes in Ashtabula County, OH cost?
Median Sold Price
$162,388
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ashtabula County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Ashtabula County was $162,388 in May 2024, up 8.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $61K | -14.1% |
| 2 Bedrooms | $115K | $125K | +8.7% |
| 3 Bedrooms | $155K | $167K | +7.7% |
| 4 Bedrooms | $180.7K | $186K | +2.9% |
| 5+ Bedrooms | $164K | $191K | +16.5% |
Summary: Ashtabula County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Counties
| Lake County | $200K | $218K | +9.0% |
| Ashtabula County | $149.9K | $162.3K | +8.3% |
| Geauga County | $330K | $347K | +5.1% |
Housing Supply in Ashtabula County, OH
How many homes are available in Ashtabula County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 306 | 318 | +3.9% |
Summary: The Ashtabula County real estate market had 318 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 46 | 49 | +6.5% |
| 3 Bedrooms | 167 | 175 | +4.8% |
| 4 Bedrooms | 72 | 68 | -5.6% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Ashtabula County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 88 | +41.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashtabula County, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Ashtabula County in May 2024, up by 41.9% month-over-month. Of the 88 sold homes, 59% were sold under asking, 14% were sold at asking, and 27% were sold over asking.
Days on Market for Ashtabula County, OH
How long does it take to sell a home in Ashtabula County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 53 Days | -15.1% |
Summary: Homes in Ashtabula County had an average of 53 days on market in May 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ashtabula County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 88 homes were sold in Ashtabula County; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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