Is 45840, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 45840 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 45840 has remained a Seller's Market.

Key Takeaway

45840 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 45840, OH

How much do homes in 45840, OH cost?

Median Sold Price

$225,666

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$5,910(+2.7%)

Key Takeaway

Homes in 45840 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 45840 was $225,666 in December 2024, up 2.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $130K$15K
-88.5%
2 $152.7K$173K
+13.3%
3 $213.3K$219.9K
+3.1%
4 $320K$318.5K
-0.5%
5+ $430K$420K
-2.3%

Summary: 45840 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 88.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

45814
+9.5%
45840
+2.7%
45858
-11.7%

Housing Supply in 45840, OH

How many homes are available in 45840, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
198186-6.1%

Summary: The 45840 real estate market had 186 homes for sale in December 2024, a 6.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 2825
-10.7%
3 109104
-4.6%
4 4848
0.0%
5+ 107
-30.0%

Summary: The 45840 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4944-10.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 45840, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 45840 in December 2024, down by 10.2% month-over-month. Of the 44 sold homes, 57% were sold under asking, 16% were sold at asking, and 27% were sold over asking.

Days on Market for 45840, OH

How long does it take to sell a home in 45840, OH?

Average Sale Time

Dec 2023Dec 2024CHANGE
73 Days70 Days-3.9%

Summary: Homes in 45840 had an average of 70 days on market in Dec 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 45840 has remained consistent over time.

Summary: During December 2024, 44 homes were sold in 45840; 18% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 20% 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 45840, OH

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