$3,384 Closing Credit*
$285,000
1,723 SqFt
2 Beds
•2 Full Baths
Mary Jo Kormushoff, Listing Office: Keller Williams Living
Is Merriman Valley, 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, Merriman Valley has remained a Seller's Market.
Key Takeaway
Merriman Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Merriman Valley, OH
How much do homes in Merriman Valley, OH cost?
Median Sold Price
$275,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+10.0%)
Key Takeaway
Homes in Merriman Valley have sold for 10% more than they did a year ago.
Summary: The median home sold price in Merriman Valley was $275,000 in November 2024, up 10% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $180K | $209.4K | +16.4% |
| 3 Bedrooms | $305K | $302.5K | -0.8% |
| 4 Bedrooms | $340K | $349K | +2.6% |
| 5+ Bedrooms | $240K | $395K | +64.6% |
Summary: Merriman Valley 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 16.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 64.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Hill | $105K | $117.3K | +11.7% |
| Merriman Valley | $250K | $275K | +10.0% |
| Northwest Akron | $231.5K | $248.4K | +7.3% |
Housing Supply in Merriman Valley, OH
How many homes are available in Merriman Valley, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Merriman Valley real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Merriman Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Merriman Valley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Merriman Valley in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Merriman Valley, OH
How long does it take to sell a home in Merriman Valley, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +30.7% |
Summary: Homes in Merriman Valley had an average of 31 days on market in Nov 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Merriman Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Merriman Valley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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