Is 44118, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 44118 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 44118 has remained a Seller's Market.

Key Takeaway

44118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 44118, OH

How much do homes in 44118, OH cost?

Median Sold Price

$242,125

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,744(+2.9%)

Key Takeaway

Homes in 44118 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 44118 was $242,125 in November 2024, up 2.9% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$66K
+20.0%
2 $155K$190K
+22.6%
3 $207.5K$215K
+3.6%
4 $267K$280K
+4.9%
5+ $275K$275K
0.0%

Summary: 44118 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

44112
+23.2%
44121
+7.9%
44118
+2.9%
44122
-0.4%
44120
-14.1%

Housing Supply in 44118, OH

How many homes are available in 44118, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
196204+4.1%

Summary: The 44118 real estate market had 204 homes for sale in November 2024, a 4.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 44
0.0%
3 7273
+1.4%
4 6985
+23.2%
5+ 4739
-17.0%

Summary: The 44118 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 17%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3943+10.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 44118, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in 44118 in November 2024, up by 10.3% month-over-month. Of the 43 sold homes, 35% were sold under asking, 26% were sold at asking, and 40% were sold over asking.

Days on Market for 44118, OH

How long does it take to sell a home in 44118, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days37 Days+5.1%

Summary: Homes in 44118 had an average of 37 days on market in Nov 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 44118 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 43 homes were sold in 44118; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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 44118, OH

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