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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Mansfield, OH

How much do homes in Mansfield, OH cost?

Median Sold Price

$189,950

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$1,201(+0.6%)

Key Takeaway

Homes in Mansfield have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Mansfield was $189,950 in December 2024, up 0.6% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$73K
N/A
2 $130K$132K
+1.5%
3 $184.9K$185K
0.0%
4 $237.5K$270K
+13.7%
5+ $275.7K$467.5K
+69.5%

Summary: Mansfield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 69.5%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+7.7%
Madison Township
+2.0%
Mansfield
+0.6%
Mansfield Township
+0.6%
Washington Township
-12.9%

Housing Supply in Mansfield, OH

How many homes are available in Mansfield, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8281-1.2%

Summary: The Mansfield real estate market had 81 homes for sale in December 2024, a 1.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 107
-30.0%
3 4445
+2.3%
4 2223
+4.5%
5+ 66
0.0%

Summary: The Mansfield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2028+40.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Mansfield in December 2024, up by 40.0% month-over-month. Of the 28 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% were sold over asking.

Days on Market for Mansfield, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
57 Days43 Days-23.7%

Summary: Homes in Mansfield had an average of 43 days on market in Dec 2024, down by 23.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mansfield are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in Mansfield; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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