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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alliance is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Alliance, OH

How much do homes in Alliance, OH cost?

Median Sold Price

$157,500

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$12,725(+8.8%)

Key Takeaway

Homes in Alliance have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Alliance was $157,500 in December 2024, up 8.8% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $50K$129.6K
+159.2%
2 $105K$131.1K
+24.9%
3 $146.5K$160K
+9.2%
4 $174K$180K
+3.4%
5+ $134K$266.5K
+98.9%

Summary: Alliance housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.2%, 2 bedroom homes increased by 24.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 98.9%.

Median Sold Price Compared To Nearby Cities

Knox Township
+19.2%
Alliance
+8.8%
Lexington Township
+8.2%
Washington Township
-2.0%

Housing Supply in Alliance, OH

How many homes are available in Alliance, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10099-1.0%

Summary: The Alliance real estate market had 99 homes for sale in December 2024, a 1.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 1315
+15.4%
3 5554
-1.8%
4 2523
-8.0%
5+ 76
-14.3%

Summary: The Alliance housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2421-12.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alliance, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Alliance in December 2024, down by 12.5% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.

Days on Market for Alliance, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
43 Days27 Days-35.2%

Summary: Homes in Alliance had an average of 27 days on market in Dec 2024, down by 35.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 21 homes were sold in Alliance; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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 Alliance, OH

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