$2,375 Closing Credit*
$200,000
1,526 SqFt
3 Beds
•2 Full Baths
Chris D Schlenkerman, Listing Office: Berkshire Hathaway HomeServices Professional Realty
Is Detroit-Shoreway, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Detroit-Shoreway was a Seller's Market.
Key Takeaway
Detroit-Shoreway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Detroit-Shoreway, OH
How much do homes in Detroit-Shoreway, OH cost?
Median Sold Price
$255,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,750(-4.4%)
Key Takeaway
Homes in Detroit-Shoreway have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Detroit-Shoreway was $255,000 in October 2024, down 4.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.9K | $190K | +72.9% |
| 2 Bedrooms | $306.5K | $320K | +4.4% |
| 3 Bedrooms | $306K | $294.9K | -3.6% |
| 4 Bedrooms | $175K | $133K | -24.0% |
| 5+ Bedrooms | $214K | $230K | +7.5% |
Summary: Detroit-Shoreway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Detroit-Shoreway, OH
How many homes are available in Detroit-Shoreway, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 75 | +1.4% |
Summary: The Detroit-Shoreway real estate market had 75 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Detroit-Shoreway 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 increased by 3.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Detroit-Shoreway, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Detroit-Shoreway in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Detroit-Shoreway, OH
How long does it take to sell a home in Detroit-Shoreway, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 59 Days | +34.7% |
Summary: Homes in Detroit-Shoreway had an average of 59 days on market in Oct 2024, up by 34.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Detroit-Shoreway are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Detroit-Shoreway; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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