Is Youngstown, 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, Youngstown has remained a Seller's Market.
Key Takeaway
Youngstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Youngstown, OH
How much do homes in Youngstown, OH cost?
Median Sold Price
$149,062
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Youngstown have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Youngstown was $149,062 in May 2024, up 10.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $78.4K | -3.1% |
| 2 Bedrooms | $97.1K | $117.5K | +21.0% |
| 3 Bedrooms | $135K | $149.9K | +11.1% |
| 4 Bedrooms | $165.2K | $176K | +6.6% |
| 5+ Bedrooms | $195K | $199.9K | +2.5% |
Summary: Youngstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Struthers | $114.2K | $132K | +15.5% |
| Campbell | $95K | $109K | +14.7% |
| Youngstown | $134.9K | $149K | +10.5% |
| Liberty Township | $135K | $145K | +7.4% |
Housing Supply in Youngstown, OH
How many homes are available in Youngstown, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 538 | 565 | +5.0% |
Summary: The Youngstown real estate market had 565 homes for sale in May 2024, a 5.0% 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 | 91 | 80 | -12.1% |
| 3 Bedrooms | 295 | 314 | +6.4% |
| 4 Bedrooms | 115 | 129 | +12.2% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The Youngstown 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 decreased by 12.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 146 | +6.6% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Youngstown, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 146 homes were sold or pending in Youngstown in May 2024, up by 6.6% month-over-month. Of the 146 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% were sold over asking.
Days on Market for Youngstown, OH
How long does it take to sell a home in Youngstown, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 45 Days | +6.1% |
Summary: Homes in Youngstown had an average of 45 days on market in May 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Youngstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 146 homes were sold in Youngstown; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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