$2,785 Closing Credit*
$234,500
7 Beds
•2 Full Baths
Polly S Lorenzo, Listing Office: Keller Williams Greater Metropolitan
Is Detroit-Shoreway, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Detroit-Shoreway was a Seller's Market.
Key Takeaway
Detroit-Shoreway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Detroit-Shoreway, OH
How much do homes in Detroit-Shoreway, OH cost?
Median Sold Price
$274,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+5.4%)
Key Takeaway
Homes in Detroit-Shoreway have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Detroit-Shoreway was $274,000 in November 2024, up 5.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | $190K | +90.1% |
| 2 Bedrooms | $305K | $320K | +4.9% |
| 3 Bedrooms | $292.9K | $315K | +7.5% |
| 4 Bedrooms | $169.2K | $157.4K | -7.0% |
| 5+ Bedrooms | $221.5K | $257K | +16.0% |
Summary: Detroit-Shoreway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 16%.
Housing Supply in Detroit-Shoreway, OH
How many homes are available in Detroit-Shoreway, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 70 | +1.4% |
Summary: The Detroit-Shoreway real estate market had 70 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Detroit-Shoreway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 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 Detroit-Shoreway, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Detroit-Shoreway in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 106 Days | +75.7% |
Summary: Homes in Detroit-Shoreway had an average of 106 days on market in Nov 2024, up by 75.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Detroit-Shoreway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Detroit-Shoreway; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.