$1,306 Closing Credit*
$110,000
1,388 SqFt
3 Beds
•1 Full Bath, 1 Partial
Nathan Spalding, Listing Office: CENTURY 21 Lakeside Realty
Is Mineral Ridge, 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, Mineral Ridge has remained a Seller's Market.
Key Takeaway
Mineral Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mineral Ridge, OH
How much do homes in Mineral Ridge, OH cost?
Median Sold Price
$218,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+21.1%)
Key Takeaway
Homes in Mineral Ridge have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Mineral Ridge was $218,000 in October 2024, up 21.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159K | $152K | -4.4% |
| 3 Bedrooms | $186.7K | $230K | +23.2% |
| 4 Bedrooms | $175.5K | $306K | +74.4% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Mineral Ridge 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 decreased by 4.4%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 74.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Niles | $116K | $142.5K | +22.8% |
| Mineral Ridge | $180K | $218K | +21.1% |
| Weathersfield Township | $117.9K | $142.5K | +20.8% |
| Austintown Township | $162K | $177K | +9.3% |
Housing Supply in Mineral Ridge, OH
How many homes are available in Mineral Ridge, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Summary: The Mineral Ridge real estate market had 9 homes for sale in October 2024, a 35.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mineral Ridge 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mineral Ridge, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mineral Ridge in October 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Mineral Ridge, OH
How long does it take to sell a home in Mineral Ridge, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 42 Days | -6.7% |
Summary: Homes in Mineral Ridge had an average of 42 days on market in Oct 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mineral Ridge has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Mineral Ridge; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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