$1,188 Closing Credit*
$100,000
3 Beds
•1 Full Bath
Kimberly Ule, Listing Office: Serenity Realty
Is Garrettsville, 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, Garrettsville has remained a Seller's Market.
Key Takeaway
Garrettsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrettsville, OH
How much do homes in Garrettsville, OH cost?
Median Sold Price
$260,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,400(+16.3%)
Key Takeaway
Homes in Garrettsville have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Garrettsville was $260,000 in November 2024, up 16.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | - | N/A |
| 2 Bedrooms | $158.2K | $185.5K | +17.2% |
| 3 Bedrooms | $219K | $215K | -1.8% |
| 4 Bedrooms | $285K | $369K | +29.5% |
| 5+ Bedrooms | $253.3K | $437.5K | +72.7% |
Summary: Garrettsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 72.7%.
Median Sold Price Compared To Nearby Cities
| Freedom Township | $205K | $269K | +31.2% |
| Nelson Township | $254K | $310K | +22.0% |
| Garrettsville | $223.6K | $260K | +16.3% |
| Windham Township | $159.9K | $170K | +6.3% |
| Hiram Township | $239.5K | $200K | -16.5% |
Housing Supply in Garrettsville, OH
How many homes are available in Garrettsville, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Garrettsville real estate market had 20 homes for sale in November 2024, a 16.7% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Garrettsville 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Garrettsville, 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 Garrettsville in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Garrettsville, OH
How long does it take to sell a home in Garrettsville, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 42 Days | +85.2% |
Summary: Homes in Garrettsville had an average of 42 days on market in Nov 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Garrettsville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Garrettsville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.