$1,093 Closing Credit*
$92,000
2,176 SqFt
3 Beds
•1 Full Bath, 1 Partial
Amanda Vereshack Erickson, Listing Office: HomeSmart Real Estate Momentum LLC
Is Conneaut, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Conneaut has remained a Seller's Market.
Key Takeaway
Conneaut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conneaut, OH
How much do homes in Conneaut, OH cost?
Median Sold Price
$140,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,250(+15.0%)
Key Takeaway
Homes in Conneaut have sold for 15% more than they did a year ago.
Summary: The median home sold price in Conneaut was $140,000 in October 2024, up 15% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $72.5K | +2.1% |
| 2 Bedrooms | $108.9K | $102.4K | -6.0% |
| 3 Bedrooms | $125K | $154.9K | +23.9% |
| 4 Bedrooms | $140K | $158K | +12.9% |
| 5+ Bedrooms | $151.5K | $128.5K | -15.2% |
Summary: Conneaut housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| North Kingsville | $195K | $250.4K | +28.4% |
| Conneaut | $121.7K | $140K | +15.0% |
| Springfield Township | $440K | $450K | +2.3% |
Housing Supply in Conneaut, OH
How many homes are available in Conneaut, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 71 | +10.9% |
Summary: The Conneaut real estate market had 71 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Conneaut housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conneaut, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Conneaut in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for Conneaut, OH
How long does it take to sell a home in Conneaut, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 70 Days | +46.1% |
Summary: Homes in Conneaut had an average of 70 days on market in Oct 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Conneaut has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Conneaut; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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