Is Minerva, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minerva is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Minerva, OH

How much do homes in Minerva, OH cost?

Median Sold Price

$160,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$11,000(-6.4%)

Key Takeaway

Homes in Minerva have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Minerva was $160,000 in December 2024, down 6.4% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $114.4K$132.3K
+15.6%
3 $175K$164.9K
-5.8%
4 $181K$187K
+3.3%
5+ $190K$235K
+23.7%

Summary: Minerva housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Cities

Brown Township
+18.6%
Paris Township
-2.9%
Minerva
-6.4%
Minerva
-7.6%

Housing Supply in Minerva, OH

How many homes are available in Minerva, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2216-27.3%

Summary: The Minerva real estate market had 16 homes for sale in December 2024, a 27.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 77
0.0%
3 128
-33.3%
4 20
-100.0%
5+ 11
0.0%

Summary: The Minerva housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minerva, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Minerva in December 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Minerva, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
41 Days28 Days-32.0%

Summary: Homes in Minerva had an average of 28 days on market in Dec 2024, down by 32% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 8 homes were sold in Minerva; 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.

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

Report Updated 4 Days Ago

Newest Listings in Minerva, OH

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