$2,880 Closing Credit*
$242,500
3 Beds
•2 Full Baths
Patty D Helmick, Listing Office: Volpini Realty
Is Southington, 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, Southington was a Neutral Market.
Key Takeaway
Southington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southington, OH
How much do homes in Southington, OH cost?
Median Sold Price
$270,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+12.3%)
Key Takeaway
Homes in Southington have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Southington was $270,000 in October 2024, up 12.3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $150K | $135K | -10.0% |
| 3 Bedrooms | $240K | $270K | +12.5% |
| 4 Bedrooms | $245K | $415.2K | +69.5% |
| 5+ Bedrooms | $299.9K | - | N/A |
Summary: Southington 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 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 69.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Southington | $240.5K | $270K | +12.3% |
| Nelson Township | $240K | $265K | +10.4% |
| Southington Township | $247.5K | $238.2K | -3.7% |
| Braceville Township | $212.5K | $182.5K | -14.1% |
Housing Supply in Southington, OH
How many homes are available in Southington, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Southington real estate market had 12 homes for sale in October 2024, a 50.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Southington 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Southington in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Southington, OH
How long does it take to sell a home in Southington, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 9 Days | -75.5% |
Summary: Homes in Southington had an average of 9 days on market in Oct 2024, down by 75.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Southington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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