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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austinburg is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Austinburg has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Austinburg, OH

How much do homes in Austinburg, OH cost?

Median Sold Price

$265,000

$120/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$80,000(-23.2%)

Key Takeaway

Homes in Austinburg have sold for 23.2% less than they did a month ago.

Summary: The median home sold price in Austinburg was $265,000 in October 2024, down 23.2% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $345K-
N/A
4 -$265K
N/A
5+ --
N/A

Summary: Austinburg housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Austinburg
-23.2%
Austinburg Township
-23.2%

Housing Supply in Austinburg, OH

How many homes are available in Austinburg, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23+50.0%

Summary: The Austinburg real estate market had 3 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 10
-100.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The Austinburg 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austinburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Austinburg in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Austinburg, OH

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days73 Days+563.6%

Summary: Homes in Austinburg had an average of 73 days on market in Oct 2024, up by 563.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Austinburg; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 Austinburg, OH

Nearby Markets to Austinburg, OH

What housing markets are near Austinburg, OH?