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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Homerville is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Homerville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Homerville, OH

How much do homes in Homerville, OH cost?

Median Sold Price

$333,500

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$8,180(+2.5%)

Key Takeaway

Homes in Homerville have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Homerville was $333,500 in December 2024, up 2.5% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $325.1K$300K
-7.7%
4 $376.7K$401K
+6.5%
5+ $579K-
N/A

Summary: Homerville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spencer Township
+29.6%
Homerville
+2.5%

Housing Supply in Homerville, OH

How many homes are available in Homerville, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The Homerville real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Homerville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 Homerville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Homerville in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Homerville, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
109 Days16 Days-85.3%

Summary: Homes in Homerville had an average of 16 days on market in Dec 2024, down by 85.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Homerville are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Homerville; 100% of homes were sold within 30 days, 0% 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 7 Days Ago

Newest Listings in Homerville, OH

Nearby Markets to Homerville, OH

What housing markets are near Homerville, OH?