Is Southwyck, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwyck is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Southwyck, OH

How much do homes in Southwyck, OH cost?

Median Sold Price

$225,445

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,445(+4.9%)

Key Takeaway

Homes in Southwyck have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Southwyck was $225,445 in October 2024, up 4.9% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75.5K$130K
+72.2%
2 $105K$125.5K
+19.5%
3 $217.5K$220K
+1.1%
4 $239K$285K
+19.2%
5+ $340.2K$275K
-19.2%

Summary: Southwyck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 19.2%.

Median Sold Price Compared To Nearby Neighborhoods

Beverly
+13.1%
Southwyck
+4.9%
Reynolds Corners
+4.9%
Glendale-Heatherdowns
+3.2%

Housing Supply in Southwyck, OH

How many homes are available in Southwyck, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1923+21.1%

Summary: The Southwyck real estate market had 23 homes for sale in October 2024, a 21.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1010
0.0%
4 69
+50.0%
5+ 11
0.0%

Summary: The Southwyck 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwyck, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Southwyck in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Southwyck, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days52 Days+31.3%

Summary: Homes in Southwyck had an average of 52 days on market in Oct 2024, up by 31.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwyck has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Southwyck; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 Southwyck, OH

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