$950 Closing Credit*
$80,000
1,424 SqFt
3 Beds
•1 Full Bath
Virginia Troyer, Listing Office: RE/MAX Pathway
Is Cumberland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cumberland has remained a Seller's Market.
Key Takeaway
Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland, OH
How much do homes in Cumberland, OH cost?
Median Sold Price
$101,500
$42/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$328,000(-76.4%)
Key Takeaway
Homes in Cumberland have sold for 76.4% less than they did a month ago.
Summary: The median home sold price in Cumberland was $101,500 in November 2024, down 76.4% from last month, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $130K | N/A |
| 4 Bedrooms | $429.5K | $73K | -83.0% |
| 5+ Bedrooms | $429.5K | - | N/A |
Summary: Cumberland housing prices by bedroom type for November 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 decreased by 83%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer Township | $429.5K | $450K | +4.8% |
| Cumberland | $429.5K | $101.5K | -76.4% |
Housing Supply in Cumberland, OH
How many homes are available in Cumberland, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Cumberland real estate market had 5 homes for sale in November 2024, a 16.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cumberland 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 increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cumberland in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Cumberland, OH
How long does it take to sell a home in Cumberland, OH?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 Days | 92 Days | -16.7% |
Summary: Homes in Cumberland had an average of 92 days on market in Nov 2024, down by 16.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cumberland has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Cumberland; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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