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 November 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

$169,950

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,950(+13.3%)

Key Takeaway

Homes in Mahoning County have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Mahoning County was $169,950 in November 2024, up 13.3% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $87.5K$78.4K
-10.3%
2 $115.2K$126K
+9.4%
3 $149.7K$165K
+10.2%
4 $208K$219.9K
+5.7%
5+ $225.2K$248K
+10.1%

Summary: Mahoning County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Counties

Mahoning County
+13.3%
Lawrence County
+8.0%
Trumbull County
+7.0%
Portage County
+6.0%
Columbiana County
+5.2%

Housing Supply in Mahoning County, OH

How many homes are available in Mahoning County, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
958893-6.8%

Summary: The Mahoning County real estate market had 893 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 75
-28.6%
2 160146
-8.8%
3 516478
-7.4%
4 199196
-1.5%
5+ 7668
-10.5%

Summary: The Mahoning County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
240197-17.9%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

45 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. 60.4% of homes here sold below asking price last month.

Summary: A total of 197 homes were sold or pending in Mahoning County in November 2024, down by 17.9% month-over-month. Of the 197 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
46 Days57 Days+23.2%

Summary: Homes in Mahoning County had an average of 57 days on market in Nov 2024, up by 23.2% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

104 Homes Were Sold
In 30 - 90 Days

32 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 November 2024, 197 homes were sold in Mahoning County; 31% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 16% 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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