Is 44047, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 44047 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 44047 was a Seller's Market.

Key Takeaway

44047 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 44047, OH

How much do homes in 44047, OH cost?

Median Sold Price

$215,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,050(+16.2%)

Key Takeaway

Homes in 44047 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 44047 was $215,000 in November 2024, up 16.2% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$255K
N/A
2 $123.3K$160K
+29.7%
3 $179.2K$190.6K
+6.4%
4 $222.5K$351.5K
+58.0%
5+ $197K$200K
+1.5%

Summary: 44047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 58%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

44047
+16.2%
44010
-4.9%

Housing Supply in 44047, OH

How many homes are available in 44047, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3334+3.0%

Summary: The 44047 real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 43
-25.0%
3 2118
-14.3%
4 710
+42.9%
5+ 12
+100.0%

Summary: The 44047 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 44047, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 44047 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 44047, OH

How long does it take to sell a home in 44047, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days93 Days+105.0%

Summary: Homes in 44047 had an average of 93 days on market in Nov 2024, up by 105% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 44047 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 44047; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 22 Days Ago

Newest Listings in 44047, OH

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