Is Edon, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edon is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Edon was a Buyer's Market.

Key Takeaway

Edon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Edon, OH

How much do homes in Edon, OH cost?

Median Sold Price

$160,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-3.0%)

Key Takeaway

Homes in Edon have sold for 3% less than they did a year ago.

Summary: The median home sold price in Edon was $160,000 in October 2024, down 3% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $62K-
N/A
2 $86K$147.1K
+71.1%
3 $166K$149.3K
-10.0%
4 $170K$263.5K
+55.0%
5+ $340K$265K
-22.1%

Summary: Edon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 55%, and 5+ bedroom homes decreased by 22.1%.

Median Sold Price Compared To Nearby Cities

Edon
-3.0%
Florence Township
-6.1%

Housing Supply in Edon, OH

How many homes are available in Edon, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The Edon real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 46
+50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Edon 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 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Edon in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Edon, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days43 Days+6.5%

Summary: Homes in Edon had an average of 43 days on market in Oct 2024, up by 6.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Edon has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Edon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in Edon, OH

Nearby Markets to Edon, OH