Is Driving Park, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Driving Park is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Driving Park was a Seller's Market.

Key Takeaway

Driving Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Driving Park, OH

How much do homes in Driving Park, OH cost?

Median Sold Price

$226,950

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,100(+18.3%)

Key Takeaway

Homes in Driving Park have sold for 18.3% more than they did a year ago.

Summary: The median home sold price in Driving Park was $226,950 in December 2024, up 18.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$138.5K
N/A
2 $132.2K$168K
+27.0%
3 $205K$237K
+15.6%
4 $255K$279.9K
+9.8%
5+ $240K$250.9K
+4.5%

Summary: Driving Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Neighborhoods

Driving Park
+18.3%
North Alum Creek
+10.1%
Berwick
+3.4%

Housing Supply in Driving Park, OH

How many homes are available in Driving Park, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3638+5.6%

Summary: The Driving Park real estate market had 38 homes for sale in December 2024, a 5.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 2326
+13.0%
4 64
-33.3%
5+ 21
-50.0%

Summary: The Driving Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer60%40%

Key Takeaway

If you're buying a home in Driving Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Driving Park in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Driving Park, OH

How long does it take to sell a home in Driving Park, OH?

Average Sale Time

Dec 2023Dec 2024CHANGE
82 Days82 Days0.0%

Summary: Homes in Driving Park had an average of 82 days on market in Dec 2024, the same as last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times40%40%20%

Key Takeaway

Many homes in Driving Park are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Driving Park; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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