Is 43616, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 43616 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 43616 has remained a Seller's Market.

Key Takeaway

43616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 43616, OH

How much do homes in 43616, OH cost?

Median Sold Price

$225,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+12.5%)

Key Takeaway

Homes in 43616 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 43616 was $225,000 in November 2024, up 12.5% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $77K$64.9K
-15.7%
2 $202.5K$190K
-6.2%
3 $194.2K$219K
+12.7%
4 $260K$281K
+8.1%
5+ -$302K
N/A

Summary: 43616 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

43619
+13.5%
43616
+12.5%
43611
+12.3%
43605
+11.1%

Housing Supply in 43616, OH

How many homes are available in 43616, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8077-3.8%

Summary: The 43616 real estate market had 77 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1720
+17.6%
3 3835
-7.9%
4 2419
-20.8%
5+ 13
+200.0%

Summary: The 43616 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2518-28.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer39%33%28%

Key Takeaway

If you're buying a home in 43616, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 43616 in November 2024, down by 28.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.

Days on Market for 43616, OH

How long does it take to sell a home in 43616, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days68 Days+44.7%

Summary: Homes in 43616 had an average of 68 days on market in Nov 2024, up by 44.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%17%17%

Key Takeaway

Avg time on Rocket Homes in 43616 has remained consistent over time.

Summary: During November 2024, 18 homes were sold in 43616; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in 43616, OH

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