$938 Closing Credit*
$79,000
1,550 SqFt
3 Beds
•1 Full Bath
Kristy Trentman, Listing Office: Daisy Lane Realty
Is South 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, South Akron has remained a Seller's Market.
Key Takeaway
South Akron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Akron, OH
How much do homes in South Akron, OH cost?
Median Sold Price
$86,450
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,450(+8.1%)
Key Takeaway
Homes in South Akron have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in South Akron was $86,450 in November 2024, up 8.1% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $43.5K | +45.2% |
| 2 Bedrooms | $80K | $62.6K | -21.7% |
| 3 Bedrooms | $80K | $90K | +12.5% |
| 4 Bedrooms | $70.2K | $99K | +40.9% |
| 5+ Bedrooms | $111.5K | $117.5K | +5.4% |
Summary: South Akron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.2%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| East Akron | $68.5K | $76K | +10.9% |
| South Akron | $80K | $86.4K | +8.1% |
| University of Akron | $106K | $99.5K | -6.1% |
Housing Supply in South Akron, OH
How many homes are available in South Akron, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The South Akron real estate market had 43 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Akron housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Akron, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in South Akron in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for South Akron, OH
How long does it take to sell a home in South Akron, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 42 Days | -6.8% |
Summary: Homes in South Akron had an average of 42 days on market in Nov 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Akron are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in South Akron; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.