Is Miami County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Miami County has remained a Seller's Market.

Key Takeaway

Miami County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Miami County, OH

How much do homes in Miami County, OH cost?

Median Sold Price

$238,576

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,086(+3.1%)

Key Takeaway

Homes in Miami County have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Miami County was $238,576 in October 2024, up 3.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $64K$56K
-12.5%
2 $132.7K$159.4K
+20.1%
3 $212.8K$224.1K
+5.4%
4 $341.3K$350K
+2.5%
5+ $392.4K$426.9K
+8.8%

Summary: Miami County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Counties

Clark County
+8.5%
Darke County
+8.3%
Montgomery County
+6.9%
Miami County
+3.1%
Shelby County
-9.5%

Housing Supply in Miami County, OH

How many homes are available in Miami County, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
356383+7.6%

Summary: The Miami County real estate market had 383 homes for sale in October 2024, a 7.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 4153
+29.3%
3 193191
-1.0%
4 89105
+18.0%
5+ 3333
0.0%

Summary: The Miami County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 29.3%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 18%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10198-3.0%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami County, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 98 homes were sold or pending in Miami County in October 2024, down by 3.0% month-over-month. Of the 98 sold homes, 52% were sold under asking, 27% were sold at asking, and 21% were sold over asking.

Days on Market for Miami County, OH

How long does it take to sell a home in Miami County, OH?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miami County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 98 homes were sold in Miami County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Miami County, OH

Nearby Markets to Miami County, OH

What housing markets are near Miami County, OH?