$2,078 Closing Credit*
$174,999
2,744 SqFt
4 Beds
•2 Full Baths
Michael Kaim, Listing Office: Real of Ohio
Is Conneaut, 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, 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
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 15% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $72.5K | +15.1% |
| 2 Bedrooms | $110K | $108.9K | -1.0% |
| 3 Bedrooms | $125K | $154.9K | +23.9% |
| 4 Bedrooms | $125K | $158K | +26.4% |
| 5+ Bedrooms | $151.5K | $128.5K | -15.2% |
Summary: Conneaut housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Conneaut | $121.7K | $140K | +15.0% |
| Springfield Township | $440K | $454.5K | +3.3% |
Housing Supply in Conneaut, OH
How many homes are available in Conneaut, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The Conneaut real estate market had 60 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 42 | 33 | -21.4% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Conneaut 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conneaut, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Conneaut in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 51 Days | +7.4% |
Summary: Homes in Conneaut had an average of 51 days on market in Nov 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Conneaut has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Conneaut; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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