Is South Side, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Side is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South Side has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Side, OH

How much do homes in South Side, OH cost?

Median Sold Price

$73,000

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,000(+40.4%)

Key Takeaway

Homes in South Side have sold for 40.4% more than they did a year ago.

Summary: The median home sold price in South Side was $73,000 in November 2024, up 40.4% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $44.4K$43.5K
-2.0%
2 $46.9K$52K
+10.7%
3 $58.4K$80K
+36.9%
4 $47K$56K
+19.1%
5+ $25K$105K
+320.0%

Summary: South Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 36.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 320%.

Median Sold Price Compared To Nearby Neighborhoods

South Side
+40.4%
Beverly
+9.7%
Scott Park
+8.9%
Glendale-Heatherdowns
+8.9%
ONYX
-1.5%

Housing Supply in South Side, OH

How many homes are available in South Side, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
61610.0%

Summary: The South Side real estate market had 61 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1514
-6.7%
3 4341
-4.7%
4 35
+66.7%
5+ 01
+100.0%

Summary: The South Side 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 decreased by 6.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Side, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in South Side in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for South Side, OH

How long does it take to sell a home in South Side, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days69 Days+97.2%

Summary: Homes in South Side had an average of 69 days on market in Nov 2024, up by 97.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Side has remained consistent over time.

Summary: During November 2024, 12 homes were sold in South Side; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in South Side, OH

Nearby Markets to South Side, OH