$3,325 Closing Credit*
$280,000
2,254 SqFt
4 Beds
•2 Full Baths, 1 Partial
Robert E Dale, Listing Office: EXP Realty, LLC.
Is Mogadore, 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, Mogadore has remained a Seller's Market.
Key Takeaway
Mogadore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mogadore, OH
How much do homes in Mogadore, OH cost?
Median Sold Price
$245,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.9%)
Key Takeaway
Homes in Mogadore have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Mogadore was $245,000 in October 2024, up 8.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | - | N/A |
| 2 Bedrooms | $175K | $178K | +1.7% |
| 3 Bedrooms | $212.5K | $225K | +5.9% |
| 4 Bedrooms | $320K | $275.5K | -13.9% |
| 5+ Bedrooms | $230K | $350K | +52.2% |
Summary: Mogadore 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 1.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 52.2%.
Median Sold Price Compared To Nearby Cities
| Brimfield Township | $243K | $275K | +13.2% |
| Springfield Township | $170.1K | $186.1K | +9.4% |
| Mogadore | $225K | $245K | +8.9% |
| Mogadore | $224.9K | $245K | +8.9% |
| Suffield Township | $265K | $250K | -5.7% |
Housing Supply in Mogadore, OH
How many homes are available in Mogadore, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Summary: The Mogadore real estate market had 33 homes for sale in October 2024, a 32.0% increase 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 | 1 | -50.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mogadore 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 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mogadore, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mogadore in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Mogadore, OH
How long does it take to sell a home in Mogadore, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +115.6% |
Summary: Homes in Mogadore had an average of 34 days on market in Oct 2024, up by 115.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mogadore are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Mogadore; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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