$10,000 Closing Credit*
$899,000
3,500 SqFt
3 Beds
•3 Full Baths
#224025714, Shawna M Bock, Listing Office: e-Merge Real Estate Champions
Is Dresden, 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, Dresden was a Seller's Market.
Key Takeaway
Dresden is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dresden, OH
How much do homes in Dresden, OH cost?
Median Sold Price
$225,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,500(+25.3%)
Key Takeaway
Homes in Dresden have sold for 25.3% more than they did a year ago.
Summary: The median home sold price in Dresden was $225,000 in November 2024, up 25.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $149K | $170K | +14.1% |
| 3 Bedrooms | $207K | $222.5K | +7.5% |
| 4 Bedrooms | $349.9K | $355.5K | +1.6% |
| 5+ Bedrooms | $92K | $270K | +193.5% |
Summary: Dresden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 193.5%.
Median Sold Price Compared To Nearby Cities
| Dresden | $179.5K | $225K | +25.3% |
| Jefferson Township | $179.5K | $200K | +11.4% |
| Madison Township | $198K | $201.2K | +1.6% |
Housing Supply in Dresden, OH
How many homes are available in Dresden, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Dresden real estate market had 12 homes for sale in November 2024, a 7.7% decrease 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Dresden 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dresden, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Dresden in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Dresden, OH
How long does it take to sell a home in Dresden, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 145 Days | +245.2% |
Summary: Homes in Dresden had an average of 145 days on market in Nov 2024, up by 245.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Dresden are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Dresden; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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