Is Kettering, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kettering has remained a Seller's Market.
Key Takeaway
Kettering is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kettering, OH
How much do homes in Kettering, OH cost?
Median Sold Price
$229,757
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kettering have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Kettering was $229,757 in May 2024, up 4.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.2K | $115K | +0.7% |
| 2 Bedrooms | $143.7K | $152.5K | +6.1% |
| 3 Bedrooms | $204.9K | $220K | +7.4% |
| 4 Bedrooms | $275K | $301.5K | +9.6% |
| 5+ Bedrooms | $345K | $354.9K | +2.9% |
Summary: Kettering housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $310K | $360K | +16.1% |
| Washington Township | $305K | $334.6K | +9.7% |
| Centerville | $270.5K | $294.5K | +8.9% |
| Beavercreek | $285K | $304.9K | +7.0% |
| Kettering | $219.8K | $229.7K | +4.5% |
Housing Supply in Kettering, OH
How many homes are available in Kettering, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 202 | 185 | -8.4% |
Summary: The Kettering real estate market had 185 homes for sale in May 2024, a 8.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 117 | 101 | -13.7% |
| 4 Bedrooms | 46 | 41 | -10.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Kettering housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 77 | -9.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kettering, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.
Summary: A total of 77 homes were sold or pending in Kettering in May 2024, down by 9.4% month-over-month. Of the 77 sold homes, 31% were sold under asking, 29% were sold at asking, and 40% were sold over asking.
Days on Market for Kettering, OH
How long does it take to sell a home in Kettering, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 48 Days | +14.8% |
Summary: Homes in Kettering had an average of 48 days on market in May 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kettering has remained consistent over time.
Summary: During May 2024, 77 homes were sold in Kettering; 29% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.