$2,850 Closing Credit*
$240,000
2,079 SqFt
3 Beds
•2 Full Baths
Shelly Booth, Listing Office: Coldwell Banker Schmidt Realty
Is Summit County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Summit County has remained a Seller's Market.
Key Takeaway
Summit County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit County, OH
How much do homes in Summit County, OH cost?
Median Sold Price
$200,008
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,768(+8.6%)
Key Takeaway
Homes in Summit County have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Summit County was $200,008 in October 2024, up 8.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $87.4K | +6.6% |
| 2 Bedrooms | $125K | $140K | +12.0% |
| 3 Bedrooms | $176.1K | $193.9K | +10.1% |
| 4 Bedrooms | $285.2K | $310K | +8.7% |
| 5+ Bedrooms | $305.8K | $339.9K | +11.2% |
Summary: Summit County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Counties
| Stark County | $186.4K | $207.2K | +11.2% |
| Summit County | $184.2K | $200K | +8.6% |
| Medina County | $303.5K | $320.8K | +5.7% |
| Cuyahoga County | $185.5K | $195.3K | +5.3% |
| Portage County | $240.5K | $251.6K | +4.6% |
Housing Supply in Summit County, OH
How many homes are available in Summit County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,904 | 2,069 | +8.7% |
Summary: The Summit County real estate market had 2,069 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 21 | +23.5% |
| 2 Bedrooms | 308 | 344 | +11.7% |
| 3 Bedrooms | 912 | 990 | +8.6% |
| 4 Bedrooms | 516 | 550 | +6.6% |
| 5+ Bedrooms | 151 | 164 | +8.6% |
Summary: The Summit County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 512 | 514 | 0.4% |
Asking Price vs. Sold Price
256 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
163 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit County, you may be able to get a good deal. 50.2% of homes here sold below asking price last month.
Summary: A total of 514 homes were sold or pending in Summit County in October 2024, up by 0.4% month-over-month. Of the 510 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.
Days on Market for Summit County, OH
How long does it take to sell a home in Summit County, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 33 Days | -2.6% |
Summary: Homes in Summit County had an average of 33 days on market in Oct 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
300 Homes Were Sold
Under 30 Days
178 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summit County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 514 homes were sold in Summit County; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 7% 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. 
Information Deemed Reliable, but Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Firelands MLS, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Firelands Multiple Listing Service. All rights reserved.