$830 Closing Credit*
$69,900
1,040 SqFt
2 Beds
•1 Full Bath
Debbie L Ferrante, Listing Office: RE/MAX Edge Realty
Is East Akron, 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, East Akron was a Seller's Market.
Key Takeaway
East Akron is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Akron, OH
How much do homes in East Akron, OH cost?
Median Sold Price
$75,500
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+16.2%)
Key Takeaway
Homes in East Akron have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in East Akron was $75,500 in October 2024, up 16.2% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.4K | $52.2K | -13.5% |
| 2 Bedrooms | $57.5K | $65K | +13.0% |
| 3 Bedrooms | $70K | $81.7K | +16.8% |
| 4 Bedrooms | $65K | $95.7K | +47.3% |
| 5+ Bedrooms | $67.3K | $35K | -48.0% |
Summary: East Akron housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes decreased by 48%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $55K | $73.9K | +34.4% |
| East Akron | $65K | $75.5K | +16.2% |
| Ellet | $150K | $166.2K | +10.8% |
| University of Akron | $106K | $100K | -5.7% |
Housing Supply in East Akron, OH
How many homes are available in East Akron, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The East Akron real estate market had 59 homes for sale in October 2024, a 22.9% 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 | 17 | 16 | -5.9% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Akron 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 decreased by 5.9%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 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 East Akron, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Akron in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for East Akron, OH
How long does it take to sell a home in East Akron, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 32 Days | -25.0% |
Summary: Homes in East Akron had an average of 32 days on market in Oct 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Akron are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in East Akron; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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