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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lagrange is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lagrange, OH

How much do homes in Lagrange, OH cost?

Median Sold Price

$44,000

$36/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+10.0%)

Key Takeaway

Homes in Lagrange have sold for 10% more than they did a year ago.

Summary: The median home sold price in Lagrange was $44,000 in October 2024, up 10% from last year, and the median price per square foot was $36.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $18K$48.3K
+168.3%
2 $36.7K$35K
-4.8%
3 $43K$48K
+11.6%
4 $40K$52.5K
+31.3%
5+ $69K$56.2K
-18.5%

Summary: Lagrange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 168.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 18.5%.

Median Sold Price Compared To Nearby Neighborhoods

North River
+40.4%
Five Points
+23.5%
Lagrange
+10.0%
Old West End
-47.3%

Housing Supply in Lagrange, OH

How many homes are available in Lagrange, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
63630.0%

Summary: The Lagrange real estate market had 63 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1713
-23.5%
3 3741
+10.8%
4 35
+66.7%
5+ 53
-40.0%

Summary: The Lagrange housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lagrange, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Lagrange in October 2024, up by 42.9% month-over-month. Of the 20 sold homes, 75% were sold under asking, 5% were sold at asking, and 20% were sold over asking.

Days on Market for Lagrange, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days50 Days-36.3%

Summary: Homes in Lagrange had an average of 50 days on market in Oct 2024, down by 36.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lagrange has remained consistent over time.

Summary: During October 2024, 20 homes were sold in Lagrange; 20% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 5% 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 Lagrange, OH

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