$2,730 Closing Credit*
$229,900
1,820 SqFt
3 Beds
•2 Full Baths, 2 Partial
Greg Stearn, Listing Office: RE/MAX Trends Realty
Is Mogadore, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$249,900
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,900(+11.1%)
Key Takeaway
Homes in Mogadore have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Mogadore was $249,900 in November 2024, up 11.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | - | N/A |
| 2 Bedrooms | $175K | $178K | +1.7% |
| 3 Bedrooms | $215K | $233.3K | +8.5% |
| 4 Bedrooms | $335K | $270.5K | -19.3% |
| 5+ Bedrooms | $290K | $345.5K | +19.1% |
Summary: Mogadore housing prices by bedroom type for November 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 8.5%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Brimfield Township | $240K | $281K | +17.1% |
| Mogadore | $225K | $249.9K | +11.1% |
| Mogadore | $224.9K | $249.9K | +11.1% |
| Springfield Township | $171.5K | $188.4K | +9.9% |
| Suffield Township | $267K | $250K | -6.4% |
Housing Supply in Mogadore, OH
How many homes are available in Mogadore, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The Mogadore real estate market had 28 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mogadore housing inventory by bedroom type for November 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mogadore, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mogadore in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 16 Days | -11.4% |
Summary: Homes in Mogadore had an average of 16 days on market in Nov 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mogadore are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mogadore; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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