Is 45502, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 45502 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 45502 has remained a Seller's Market.

Key Takeaway

45502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 45502, OH

How much do homes in 45502, OH cost?

Median Sold Price

$280,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+1.4%)

Key Takeaway

Homes in 45502 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 45502 was $280,000 in October 2024, up 1.4% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $313.5K-
N/A
2 $169.9K$174.9K
+2.9%
3 $277.5K$260K
-6.3%
4 $313K$357.5K
+14.2%
5+ $350K$412.4K
+17.8%

Summary: 45502 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 2.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

45505
+37.2%
45504
+14.0%
45506
+13.4%
45502
+1.4%
45503
-1.3%

Housing Supply in 45502, OH

How many homes are available in 45502, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4758+23.4%

Summary: The 45502 real estate market had 58 homes for sale in October 2024, a 23.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 2430
+25.0%
4 1416
+14.3%
5+ 44
0.0%

Summary: The 45502 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 60%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 45502, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 45502 in October 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.

Days on Market for 45502, OH

How long does it take to sell a home in 45502, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days84 Days+3280.0%

Summary: Homes in 45502 had an average of 84 days on market in Oct 2024, up by 3280% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 45502 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 45502; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in 45502, OH

Nearby Markets to 45502, OH