$30,000
0.37 Acres
Land
Stacy L Ackerman, Listing Office: Harvey Goodman, REALTOR
Is Martins Ferry, 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, Martins Ferry has remained a Seller's Market.
Key Takeaway
Martins Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martins Ferry, OH
How much do homes in Martins Ferry, OH cost?
Median Sold Price
$112,500
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,779(+9.5%)
Key Takeaway
Homes in Martins Ferry have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Martins Ferry was $112,500 in November 2024, up 9.5% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $65K | +116.7% |
| 2 Bedrooms | $85K | $101K | +18.8% |
| 3 Bedrooms | $108K | $136.7K | +26.6% |
| 4 Bedrooms | $140K | $115K | -17.9% |
| 5+ Bedrooms | $115K | $56.2K | -51.1% |
Summary: Martins Ferry housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 26.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 51.1%.
Median Sold Price Compared To Nearby Cities
| Pease Township | $85K | $103K | +21.2% |
| Martins Ferry | $102.7K | $112.5K | +9.5% |
Housing Supply in Martins Ferry, OH
How many homes are available in Martins Ferry, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Martins Ferry real estate market had 34 homes for sale in November 2024, a 21.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Martins Ferry 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 increased by 40%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Martins Ferry, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Martins Ferry in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Martins Ferry, OH
How long does it take to sell a home in Martins Ferry, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 66 Days | +8.6% |
Summary: Homes in Martins Ferry had an average of 66 days on market in Nov 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Martins Ferry are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Martins Ferry; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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