$10,000 Closing Credit*
$1,090,000
3,760 SqFt
3 Beds
•3 Full Baths
Kyle M Recker, Listing Office: Howard Hanna - Port Clinton
Is Marblehead, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marblehead has remained a Seller's Market.
Key Takeaway
Marblehead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marblehead, OH
How much do homes in Marblehead, OH cost?
Median Sold Price
$625,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$194,000(+45.0%)
Key Takeaway
Homes in Marblehead have sold for 45% more than they did a year ago.
Summary: The median home sold price in Marblehead was $625,000 in October 2024, up 45% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $393K | $256.2K | -34.8% |
| 3 Bedrooms | $414.5K | $485K | +17.0% |
| 4 Bedrooms | $512.5K | $653.7K | +27.6% |
| 5+ Bedrooms | $1.7M | $809.5K | -54.6% |
Summary: Marblehead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 54.6%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $431K | $625K | +45.0% |
| Danbury Township | $400K | $475K | +18.8% |
| Lakeside Marblehead | $404K | $477K | +18.1% |
Housing Supply in Marblehead, OH
How many homes are available in Marblehead, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Marblehead real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Marblehead 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 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 Marblehead, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Marblehead in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Marblehead, OH
How long does it take to sell a home in Marblehead, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 135 Days | 122 Days | -9.6% |
Summary: Homes in Marblehead had an average of 122 days on market in Oct 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marblehead are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Marblehead; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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