$7,551 Closing Credit*
$635,900
5 Beds
•3 Full Baths
Dawn Brace, Listing Office: HomeSmart Real Estate Momentum LLC
Is Rome, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rome was a Neutral Market.
Key Takeaway
Rome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rome, OH
How much do homes in Rome, OH cost?
Median Sold Price
$227,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$41,000(-15.3%)
Key Takeaway
Homes in Rome have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Rome was $227,000 in October 2024, down 15.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $130K | -48.0% |
| 3 Bedrooms | $227.5K | $214.9K | -5.5% |
| 4 Bedrooms | $277K | $340K | +22.7% |
| 5+ Bedrooms | $380K | $788.5K | +107.5% |
Summary: Rome 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 decreased by 48%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 107.5%.
Median Sold Price Compared To Nearby Cities
| Morgan Township | $219.9K | $269.5K | +22.6% |
| Roaming Shores | $254K | $290K | +14.2% |
| Rome Township | $277K | $242.5K | -12.5% |
| Rome | $268K | $227K | -15.3% |
| Hartsgrove Township | $345.5K | $214.9K | -37.8% |
Housing Supply in Rome, OH
How many homes are available in Rome, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Rome real estate market had 15 homes for sale in October 2024, a 11.8% decrease 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 | 12 | -14.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rome 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 decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, 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 Rome in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Rome, OH
How long does it take to sell a home in Rome, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 43 Days | -18.9% |
Summary: Homes in Rome had an average of 43 days on market in Oct 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rome are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Rome; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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