Is Scott Park, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Scott Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Scott Park, OH

How much do homes in Scott Park, OH cost?

Median Sold Price

$90,500

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,000(+9.7%)

Key Takeaway

Homes in Scott Park have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Scott Park was $90,500 in October 2024, up 9.7% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $55K$74.2K
+35.0%
3 $95K$101.4K
+6.8%
4 $85K$120K
+41.2%
5+ $99.5K$174.9K
+75.8%

Summary: Scott Park 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 35%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 75.8%.

Median Sold Price Compared To Nearby Neighborhoods

South Side
+40.4%
Scott Park
+9.7%
Ottawa
-3.2%

Housing Supply in Scott Park, OH

How many homes are available in Scott Park, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2831+10.7%

Summary: The Scott Park real estate market had 31 homes for sale in October 2024, a 10.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 1317
+30.8%
4 85
-37.5%
5+ 01
+100.0%

Summary: The Scott Park 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 16.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Scott Park in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Scott Park, OH

How long does it take to sell a home in Scott Park, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days48 Days-7.5%

Summary: Homes in Scott Park had an average of 48 days on market in Oct 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 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 Scott Park has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Scott Park; 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 22 Days Ago

Newest Listings in Scott Park, OH

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