Is Point Place, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point Place is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Point Place, OH

How much do homes in Point Place, OH cost?

Median Sold Price

$152,300

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,685(+6.8%)

Key Takeaway

Homes in Point Place have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Point Place was $152,300 in October 2024, up 6.8% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $48.7K$63K
+29.2%
2 $100K$115K
+15.0%
3 $144.9K$155K
+7.0%
4 $200K$222K
+11.0%
5+ $129.7K$138K
+6.4%

Summary: Point Place housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Neighborhoods

North River
+40.4%
Point Place
+6.8%

Housing Supply in Point Place, OH

How many homes are available in Point Place, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5865+12.1%

Summary: The Point Place real estate market had 65 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1212
0.0%
3 3133
+6.5%
4 1317
+30.8%
5+ 11
0.0%

Summary: The Point Place housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Point Place, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Point Place in October 2024, up by 12.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.

Days on Market for Point Place, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days47 Days-7.8%

Summary: Homes in Point Place had an average of 47 days on market in Oct 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Point Place has remained consistent over time.

Summary: During October 2024, 18 homes were sold in Point Place; 28% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 6% 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 Point Place, OH

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