$5,522 Closing Credit*
$465,000
2,014 SqFt
3 Beds
•2 Full Baths
#224038346, Michelle K Sutliff, Listing Office: Key Realty
Is Marengo, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Marengo was a Seller's Market.
Key Takeaway
Marengo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marengo, OH
How much do homes in Marengo, OH cost?
Median Sold Price
$440,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$120,000(+37.5%)
Key Takeaway
Homes in Marengo have sold for 37.5% more than they did a year ago.
Summary: The median home sold price in Marengo was $440,000 in December 2024, up 37.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $420K | N/A |
| 2 Bedrooms | $310K | $700K | +125.8% |
| 3 Bedrooms | $307K | $433.5K | +41.2% |
| 4 Bedrooms | $390K | $385K | -1.3% |
| 5+ Bedrooms | $375K | $508.4K | +35.6% |
Summary: Marengo 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 125.8%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 35.6%.
Housing Supply in Marengo, OH
How many homes are available in Marengo, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The Marengo real estate market had 6 homes for sale in December 2024, a 40.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Marengo 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marengo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Marengo in December 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marengo, OH
How long does it take to sell a home in Marengo, OH?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 58 Days | +93.3% |
Summary: Homes in Marengo had an average of 58 days on market in Dec 2024, up by 93.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marengo has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Marengo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.