Is Mahoning County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mahoning County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mahoning County, OH

How much do homes in Mahoning County, OH cost?

Median Sold Price

$165,613

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,922(+10.6%)

Key Takeaway

Homes in Mahoning County have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Mahoning County was $165,613 in October 2024, up 10.6% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $98.7K$77K
-22.0%
2 $110.8K$126K
+13.7%
3 $148K$164.9K
+11.4%
4 $200.1K$209.9K
+4.9%
5+ $211K$235.5K
+11.6%

Summary: Mahoning County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Counties

Mahoning County
+10.6%
Columbiana County
+8.2%
Trumbull County
+6.9%
Portage County
+4.6%
Lawrence County
+3.6%

Housing Supply in Mahoning County, OH

How many homes are available in Mahoning County, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
921961+4.3%

Summary: The Mahoning County real estate market had 961 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 96
-33.3%
2 145160
+10.3%
3 497515
+3.6%
4 209207
-1.0%
5+ 6173
+19.7%

Summary: The Mahoning County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 19.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
207223+7.7%

Asking Price vs. Sold Price

142 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mahoning County, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 223 homes were sold or pending in Mahoning County in October 2024, up by 7.7% month-over-month. Of the 222 sold homes, 64% were sold under asking, 16% were sold at asking, and 20% were sold over asking.

Days on Market for Mahoning County, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days53 Days+43.5%

Summary: Homes in Mahoning County had an average of 53 days on market in Oct 2024, up by 43.5% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

113 Homes Were Sold
In 30 - 90 Days

40 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mahoning County has remained consistent over time.

Summary: During October 2024, 223 homes were sold in Mahoning County; 31% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in Mahoning County, OH

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