$4,857 Closing Credit*
$409,000
2,804 SqFt
4 Beds
•2 Full Baths, 1 Partial
Laura H Duryea, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
Is Merriman Valley, 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, 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
$274,750
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,750(+9.9%)
Key Takeaway
Homes in Merriman Valley have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Merriman Valley was $274,750 in October 2024, up 9.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.7K | $198.9K | +15.1% |
| 3 Bedrooms | $307.5K | $302.5K | -1.6% |
| 4 Bedrooms | $319.5K | $384.9K | +20.5% |
| 5+ Bedrooms | $240K | $395K | +64.6% |
Summary: Merriman Valley 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 increased by 15.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 64.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Hill | $100K | $115.2K | +15.3% |
| Merriman Valley | $250K | $274.7K | +9.9% |
| Northwest Akron | $228.7K | $245K | +7.1% |
Housing Supply in Merriman Valley, OH
How many homes are available in Merriman Valley, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Merriman Valley real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Merriman Valley 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 increased by 7.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Merriman Valley, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Merriman Valley in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 74 Days | +96.6% |
Summary: Homes in Merriman Valley had an average of 74 days on market in Oct 2024, up by 96.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Merriman Valley has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Merriman Valley; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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