$2,255 Closing Credit*
$189,900
2 Beds
•2 Full Baths
Carrie Fiala, Listing Office: Russell Real Estate Services
Is Tallmadge, 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, Tallmadge has remained a Seller's Market.
Key Takeaway
Tallmadge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallmadge, OH
How much do homes in Tallmadge, OH cost?
Median Sold Price
$264,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+5.0%)
Key Takeaway
Homes in Tallmadge have sold for 5% more than they did a year ago.
Summary: The median home sold price in Tallmadge was $264,000 in October 2024, up 5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $225K | -2.2% |
| 3 Bedrooms | $240K | $253.5K | +5.6% |
| 4 Bedrooms | $319.9K | $340K | +6.3% |
| 5+ Bedrooms | $335K | $299.9K | -10.5% |
Summary: Tallmadge 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 2.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Brimfield Township | $243K | $275K | +13.2% |
| Munroe Falls | $231.8K | $255K | +10.0% |
| Springfield Township | $170.1K | $186.1K | +9.4% |
| Kent | $219.7K | $240K | +9.2% |
| Tallmadge | $251.5K | $264K | +5.0% |
Housing Supply in Tallmadge, OH
How many homes are available in Tallmadge, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 76 | +20.6% |
Summary: The Tallmadge real estate market had 76 homes for sale in October 2024, a 20.6% 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 | 5 | 9 | +80.0% |
| 3 Bedrooms | 39 | 46 | +17.9% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tallmadge 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 80%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Tallmadge in October 2024, down by 5.6% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Tallmadge, OH
How long does it take to sell a home in Tallmadge, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 19 Days | -78.0% |
Summary: Homes in Tallmadge had an average of 19 days on market in Oct 2024, down by 78% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallmadge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Tallmadge; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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.