$1,899 Closing Credit*
$159,900
932 SqFt
3 Beds
•1 Full Bath
Debbie L Ferrante, Listing Office: RE/MAX Edge Realty
Is Ellet, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ellet has remained a Seller's Market.
Key Takeaway
Ellet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellet, OH
How much do homes in Ellet, OH cost?
Median Sold Price
$166,250
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,250(+10.8%)
Key Takeaway
Homes in Ellet have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Ellet was $166,250 in October 2024, up 10.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $93.2K | +58.1% |
| 2 Bedrooms | $114.2K | $119K | +4.2% |
| 3 Bedrooms | $160K | $170K | +6.3% |
| 4 Bedrooms | $175.5K | $205K | +16.8% |
| 5+ Bedrooms | $170K | $260K | +52.9% |
Summary: Ellet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 52.9%.
Median Sold Price Compared To Nearby Neighborhoods
| East Akron | $65K | $75.5K | +16.2% |
| Goodyear Heights | $108.5K | $125K | +15.2% |
| Ellet | $150K | $166.2K | +10.8% |
Housing Supply in Ellet, OH
How many homes are available in Ellet, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 74 | +27.6% |
Summary: The Ellet real estate market had 74 homes for sale in October 2024, a 27.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ellet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellet, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Ellet in October 2024, up by 33.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.
Days on Market for Ellet, OH
How long does it take to sell a home in Ellet, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +14.3% |
Summary: Homes in Ellet had an average of 28 days on market in Oct 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Ellet; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.