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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hubbard is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hubbard, OH

How much do homes in Hubbard, OH cost?

Median Sold Price

$165,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+3.1%)

Key Takeaway

Homes in Hubbard have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Hubbard was $165,000 in November 2024, up 3.1% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$200K
N/A
2 $137.5K$137K
-0.4%
3 $147.2K$164K
+11.4%
4 $245K$270K
+10.2%
5+ $235K$355.5K
+51.3%

Summary: Hubbard 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 decreased by 0.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 51.3%.

Median Sold Price Compared To Nearby Cities

Hubbard Township
+6.5%
Hubbard
+3.1%

Housing Supply in Hubbard, OH

How many homes are available in Hubbard, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5547-14.5%

Summary: The Hubbard real estate market had 47 homes for sale in November 2024, a 14.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 3231
-3.1%
4 1411
-21.4%
5+ 53
-40.0%

Summary: The Hubbard 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 decreased by 50%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hubbard, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Hubbard in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Hubbard, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days57 Days+38.3%

Summary: Homes in Hubbard had an average of 57 days on market in Nov 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Hubbard; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% 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 17 Days Ago

Newest Listings in Hubbard, OH

Nearby Markets to Hubbard, OH

What housing markets are near Hubbard, OH?