$1,899 Closing Credit*
$159,900
1,260 SqFt
3 Beds
•1 Full Bath, 1 Partial
Anthony Karam, Listing Office: The Idea Realty
Is Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Akron has remained a Seller's Market.
Key Takeaway
Akron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Akron, OH
How much do homes in Akron, OH cost?
Median Sold Price
$143,623
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,570(+14.8%)
Key Takeaway
Homes in Akron have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Akron was $143,623 in November 2024, up 14.8% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $74K | +13.8% |
| 2 Bedrooms | $99.5K | $105K | +5.5% |
| 3 Bedrooms | $129.9K | $145K | +11.5% |
| 4 Bedrooms | $150K | $184.9K | +23.3% |
| 5+ Bedrooms | $176K | $195.5K | +11.1% |
Summary: Akron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Akron | $125K | $143.6K | +14.8% |
| Fairlawn | $269.5K | $303.7K | +12.7% |
| Cuyahoga Falls | $206.2K | $215K | +4.3% |
| Coventry Township | $196K | $200.5K | +2.3% |
| Copley Township | $315K | $313K | -0.6% |
Housing Supply in Akron, OH
How many homes are available in Akron, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,044 | 1,061 | +1.6% |
Summary: The Akron real estate market had 1,061 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 200 | 199 | -0.5% |
| 3 Bedrooms | 503 | 525 | +4.4% |
| 4 Bedrooms | 249 | 246 | -1.2% |
| 5+ Bedrooms | 84 | 83 | -1.2% |
Summary: The Akron housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 265 | 215 | -18.9% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Akron, you may be able to get a good deal. 46% of homes here sold below asking price last month.
Summary: A total of 215 homes were sold or pending in Akron in November 2024, down by 18.9% month-over-month. Of the 213 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Akron, OH
How long does it take to sell a home in Akron, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +16.4% |
Summary: Homes in Akron had an average of 41 days on market in Nov 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
77 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Akron are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 215 homes were sold in Akron; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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