Is 44131, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 44131 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 44131 has remained a Seller's Market.

Key Takeaway

44131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 44131, OH

How much do homes in 44131, OH cost?

Median Sold Price

$315,300

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,300(+16.8%)

Key Takeaway

Homes in 44131 have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in 44131 was $315,300 in October 2024, up 16.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $205K$215.5K
+5.1%
3 $261K$301K
+15.3%
4 $310K$362.4K
+16.9%
5+ $357K$400.5K
+12.2%

Summary: 44131 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Zip Codes

44131
+16.8%
44109
+11.1%
44125
+6.4%
44147
+0.8%

Housing Supply in 44131, OH

How many homes are available in 44131, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
62620.0%

Summary: The 44131 real estate market had 62 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 3229
-9.4%
4 1519
+26.7%
5+ 107
-30.0%

Summary: The 44131 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 increased by 40%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 44131, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 44131 in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for 44131, OH

How long does it take to sell a home in 44131, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days27 Days+1.0%

Summary: Homes in 44131 had an average of 27 days on market in Oct 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 44131 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 44131; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% 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 44131, OH

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