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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellefontaine is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bellefontaine, OH

How much do homes in Bellefontaine, OH cost?

Median Sold Price

$224,900

$150/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in Bellefontaine has remained the same since last year.

Summary: The median home sold price in Bellefontaine was $224,900 in October 2024, the same as last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $22K$126K
+472.7%
2 $191K$185K
-3.1%
3 $222.4K$225K
+1.2%
4 $331K$262.4K
-20.7%
5+ $284.9K$355K
+24.6%

Summary: Bellefontaine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 472.7%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes increased by 24.6%.

Median Sold Price Compared To Nearby Cities

Lake Township
+2.7%
Bellefontaine
0.0%
Harrison Township
-4.0%
Jefferson Township
-5.7%

Housing Supply in Bellefontaine, OH

How many homes are available in Bellefontaine, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The Bellefontaine real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 65
-16.7%
4 22
0.0%
5+ 12
+100.0%

Summary: The Bellefontaine 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellefontaine, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bellefontaine in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Bellefontaine, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days237 Days+866.6%

Summary: Homes in Bellefontaine had an average of 237 days on market in Oct 2024, up by 866.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bellefontaine are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Bellefontaine; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 20 Days Ago

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