$1,936 Closing Credit*
$163,000
4 Beds
•1 Full Bath, 1 Partial
Mark A Young, Listing Office: EXP Realty, LLC.
Is Northwest Akron, 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, Northwest Akron has remained a Seller's Market.
Key Takeaway
Northwest Akron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Akron, OH
How much do homes in Northwest Akron, OH cost?
Median Sold Price
$248,456
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,956(+7.3%)
Key Takeaway
Homes in Northwest Akron have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Northwest Akron was $248,456 in November 2024, up 7.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $102K | +24.4% |
| 2 Bedrooms | $154K | $142K | -7.8% |
| 3 Bedrooms | $216K | $235K | +8.8% |
| 4 Bedrooms | $283.7K | $290K | +2.2% |
| 5+ Bedrooms | $395.5K | $475K | +20.1% |
Summary: Northwest Akron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Wallhaven | $165.5K | $210K | +26.9% |
| Highland Square | $133.4K | $147.5K | +10.5% |
| Merriman Valley | $250K | $275K | +10.0% |
| Northwest Akron | $231.5K | $248.4K | +7.3% |
Housing Supply in Northwest Akron, OH
How many homes are available in Northwest Akron, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Summary: The Northwest Akron real estate market had 61 homes for sale in November 2024, a 5.2% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Northwest Akron 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 increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Akron, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Northwest Akron in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Northwest Akron, OH
How long does it take to sell a home in Northwest Akron, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 45 Days | +63.2% |
Summary: Homes in Northwest Akron had an average of 45 days on market in Nov 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Akron are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Northwest Akron; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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