Is 43016, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 43016 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 43016 has remained a Seller's Market.

Key Takeaway

43016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 43016, OH

How much do homes in 43016, OH cost?

Median Sold Price

$401,633

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,745(+0.4%)

Key Takeaway

The sold price of homes in 43016 has remained the same since last year.

Summary: The median home sold price in 43016 was $401,633 in October 2024, up 0.4% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $174K$180K
+3.4%
2 $275K$280K
+1.8%
3 $383K$395K
+3.1%
4 $545K$625K
+14.7%
5+ $775K$740K
-4.5%

Summary: 43016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 4.5%.

Housing Supply in 43016, OH

How many homes are available in 43016, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1917-10.5%

Summary: The 43016 real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 88
0.0%
4 32
-33.3%
5+ 44
0.0%

Summary: The 43016 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 43016, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 43016 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 43016, OH

How long does it take to sell a home in 43016, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days152 Days+685.1%

Summary: Homes in 43016 had an average of 152 days on market in Oct 2024, up by 685.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 43016 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 43016; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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