$2,611 Closing Credit*
$219,900
1,858 SqFt
3 Beds
•2 Full Baths
Leda A Lambdin, Listing Office: RE/MAX Trends 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 November 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
$201,474
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,640(+9.0%)
Key Takeaway
Homes in Summit County have sold for 9% more than they did a year ago.
Summary: The median home sold price in Summit County was $201,474 in November 2024, up 9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $84.7K | +5.9% |
| 2 Bedrooms | $124.9K | $140K | +12.0% |
| 3 Bedrooms | $178.3K | $194.7K | +9.2% |
| 4 Bedrooms | $287.6K | $309.5K | +7.6% |
| 5+ Bedrooms | $300K | $349K | +16.3% |
Summary: Summit County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
| Stark County | $189.9K | $209.1K | +10.1% |
| Summit County | $184.8K | $201.4K | +9.0% |
| Medina County | $305K | $324.9K | +6.5% |
| Portage County | $240.1K | $254.4K | +6.0% |
| Cuyahoga County | $186.7K | $197.5K | +5.8% |
Housing Supply in Summit County, OH
How many homes are available in Summit County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,993 | 1,894 | -5.0% |
Summary: The Summit County real estate market had 1,894 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 22 | +10.0% |
| 2 Bedrooms | 337 | 325 | -3.6% |
| 3 Bedrooms | 956 | 908 | -5.0% |
| 4 Bedrooms | 529 | 495 | -6.4% |
| 5+ Bedrooms | 151 | 144 | -4.6% |
Summary: The Summit County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 4.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 572 | 440 | -23.1% |
Asking Price vs. Sold Price
207 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
146 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. 47.5% of homes here sold below asking price last month.
Summary: A total of 440 homes were sold or pending in Summit County in November 2024, down by 23.1% month-over-month. Of the 436 sold homes, 47% were sold under asking, 19% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +26.3% |
Summary: Homes in Summit County had an average of 42 days on market in Nov 2024, up by 26.3% compared to last year.
Breakdown of Home Sale Times
246 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
41 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 November 2024, 440 homes were sold in Summit County; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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