$808 Closing Credit*
$68,000
988 SqFt
3 Beds
•1 Full Bath
#224040280, Scott Fader, Listing Office: Joseph Walter Realty, LLC
Is Lane-Wooster, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lane-Wooster has remained a Buyer's Market.
Key Takeaway
Lane-Wooster is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lane-Wooster, OH
How much do homes in Lane-Wooster, OH cost?
Median Sold Price
$97,500
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,500(+30.0%)
Key Takeaway
Homes in Lane-Wooster have sold for 30% more than they did a year ago.
Summary: The median home sold price in Lane-Wooster was $97,500 in November 2024, up 30% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $17K | N/A |
| 2 Bedrooms | $47K | $71K | +51.1% |
| 3 Bedrooms | $95K | $99.4K | +4.7% |
| 4 Bedrooms | $65K | $127.5K | +96.2% |
| 5+ Bedrooms | $77.5K | $138.7K | +79.0% |
Summary: Lane-Wooster 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 increased by 51.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 96.2%, and 5+ bedroom homes increased by 79%.
Median Sold Price Compared To Nearby Neighborhoods
| Lane-Wooster | $75K | $97.5K | +30.0% |
| West Akron | $110.5K | $132.5K | +19.9% |
| Summit Lake | $65K | $70.6K | +8.7% |
Housing Supply in Lane-Wooster, OH
How many homes are available in Lane-Wooster, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 29 | -27.5% |
Summary: The Lane-Wooster real estate market had 29 homes for sale in November 2024, a 27.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lane-Wooster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lane-Wooster, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lane-Wooster in November 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lane-Wooster, OH
How long does it take to sell a home in Lane-Wooster, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 56 Days | +463.3% |
Summary: Homes in Lane-Wooster had an average of 56 days on market in Nov 2024, up by 463.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lane-Wooster are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Lane-Wooster; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.