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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hough is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hough, OH

How much do homes in Hough, OH cost?

Median Sold Price

$86,000

$34/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,999(+72.0%)

Key Takeaway

Homes in Hough have sold for 72% more than they did a year ago.

Summary: The median home sold price in Hough was $86,000 in November 2024, up 72% from last year, and the median price per square foot was $34.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $49K$150K
+205.8%
4 $38.5K$55K
+42.9%
5+ $68K$75K
+10.3%

Summary: Hough 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 did not change, 3 bedroom homes increased by 205.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 10.3%.

Housing Supply in Hough, OH

How many homes are available in Hough, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2228+27.3%

Summary: The Hough real estate market had 28 homes for sale in November 2024, a 27.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1211
-8.3%
4 46
+50.0%
5+ 611
+83.3%

Summary: The Hough 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 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

6 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 Hough, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hough in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Hough, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days45 Days-22.1%

Summary: Homes in Hough had an average of 45 days on market in Nov 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 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 Hough has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Hough; 29% of homes were sold within 30 days, 71% 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 23 Days Ago

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