$1,959 Closing Credit*
$165,000
1,440 SqFt
4 Beds
•2 Full Baths
Michael L Magno, Listing Office: Keller Williams Living
Is East Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Akron has remained a Seller's Market.
Key Takeaway
East Akron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Akron, OH
How much do homes in East Akron, OH cost?
Median Sold Price
$76,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+10.9%)
Key Takeaway
Homes in East Akron have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in East Akron was $76,000 in November 2024, up 10.9% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $47K | -21.7% |
| 2 Bedrooms | $65.4K | $65.5K | 0.1% |
| 3 Bedrooms | $70K | $88.3K | +26.2% |
| 4 Bedrooms | $79.5K | $108K | +35.8% |
| 5+ Bedrooms | $67.3K | $35K | -48.0% |
Summary: East Akron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes decreased by 48%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $60K | $73.9K | +23.2% |
| Ellet | $150K | $170K | +13.3% |
| East Akron | $68.5K | $76K | +10.9% |
| University of Akron | $106K | $99.5K | -6.1% |
Housing Supply in East Akron, OH
How many homes are available in East Akron, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 65 | +18.2% |
Summary: The East Akron real estate market had 65 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Akron housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Akron, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in East Akron in November 2024, up by 62.5% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +33.3% |
Summary: Homes in East Akron had an average of 37 days on market in Nov 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 13 homes were sold in East Akron; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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