Is North Towne, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Towne is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Towne, OH

How much do homes in North Towne, OH cost?

Median Sold Price

$154,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,000(+23.2%)

Key Takeaway

Homes in North Towne have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in North Towne was $154,000 in October 2024, up 23.2% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $89.2K$111.2K
+24.6%
3 $133.1K$149.9K
+12.6%
4 $170.5K$187K
+9.7%
5+ -$278K
N/A

Summary: North Towne 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 24.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Five Points
+23.5%
North Towne
+23.2%
Whitmer / Trilby
+3.2%

Housing Supply in North Towne, OH

How many homes are available in North Towne, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2021+5.0%

Summary: The North Towne real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 1312
-7.7%
4 32
-33.3%
5+ 11
0.0%

Summary: The North Towne 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 increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 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 North Towne, 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 North Towne in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for North Towne, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days50 Days+28.3%

Summary: Homes in North Towne had an average of 50 days on market in Oct 2024, up by 28.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Towne has remained consistent over time.

Summary: During October 2024, 5 homes were sold in North Towne; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in North Towne, OH

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