$324,900
19.10 Acres
Land
#224041746, Jodie L Snider, Listing Office: Forman Realtors, Inc
Is Marengo, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Marengo has remained a Seller's Market.
Key Takeaway
Marengo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marengo, OH
How much do homes in Marengo, OH cost?
Median Sold Price
$488,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$178,500(+57.6%)
Key Takeaway
Homes in Marengo have sold for 57.6% more than they did a year ago.
Summary: The median home sold price in Marengo was $488,500 in November 2024, up 57.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $700K | +125.8% |
| 3 Bedrooms | $297.5K | $467.5K | +57.1% |
| 4 Bedrooms | $372.5K | $467K | +25.4% |
| 5+ Bedrooms | $375K | $512K | +36.5% |
Summary: Marengo housing prices by bedroom type for November 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 57.1%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 36.5%.
Housing Supply in Marengo, OH
How many homes are available in Marengo, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Summary: The Marengo real estate market had 1 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marengo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
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 November 2024, up by 100.0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 129 Days | +330.0% |
Summary: Homes in Marengo had an average of 129 days on market in Nov 2024, up by 330% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Marengo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Marengo; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.