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 October 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

$225,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,050(+13.6%)

Key Takeaway

Homes in 43616 have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in 43616 was $225,500 in October 2024, up 13.6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $77K$64.9K
-15.7%
2 $200K$181K
-9.5%
3 $189.7K$220K
+16.0%
4 $260K$281K
+8.1%
5+ $372K$302K
-18.8%

Summary: 43616 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Zip Codes

43605
+17.0%
43616
+13.6%
43619
+8.3%
43611
+7.7%

Housing Supply in 43616, OH

How many homes are available in 43616, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7884+7.7%

Summary: The 43616 real estate market had 84 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1619
+18.8%
3 3739
+5.4%
4 2224
+9.1%
5+ 22
0.0%

Summary: The 43616 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1723+35.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 43616, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 43616 in October 2024, up by 35.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% 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

Oct 2023Oct 2024CHANGE
68 Days47 Days-30.4%

Summary: Homes in 43616 had an average of 47 days on market in Oct 2024, down by 30.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in 43616; 39% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in 43616, OH

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