$1,306 Closing Credit*
$110,000
1,228 SqFt
3 Beds
•1 Full Bath
Terra O'Brien, Listing Office: Burgan Real Estate
Is Trumbull 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, Trumbull County has remained a Seller's Market.
Key Takeaway
Trumbull County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trumbull County, OH
How much do homes in Trumbull County, OH cost?
Median Sold Price
$155,187
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,209(+7.0%)
Key Takeaway
Homes in Trumbull County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Trumbull County was $155,187 in November 2024, up 7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.9K | $78K | +56.3% |
| 2 Bedrooms | $108.2K | $112.7K | +4.2% |
| 3 Bedrooms | $146.9K | $156.3K | +6.4% |
| 4 Bedrooms | $190K | $222K | +16.8% |
| 5+ Bedrooms | $219K | $200K | -8.7% |
Summary: Trumbull County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Counties
| Mahoning County | $150K | $169.9K | +13.3% |
| Ashtabula County | $154.5K | $174.7K | +13.1% |
| Mercer County | $149.6K | $162.8K | +8.8% |
| Trumbull County | $144.9K | $155.1K | +7.0% |
| Portage County | $240.1K | $254.4K | +6.0% |
Housing Supply in Trumbull County, OH
How many homes are available in Trumbull County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 696 | 647 | -7.0% |
Summary: The Trumbull County real estate market had 647 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 122 | 105 | -13.9% |
| 3 Bedrooms | 382 | 370 | -3.1% |
| 4 Bedrooms | 146 | 136 | -6.8% |
| 5+ Bedrooms | 43 | 33 | -23.3% |
Summary: The Trumbull County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 23.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 176 | 140 | -20.5% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trumbull County, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Trumbull County in November 2024, down by 20.5% month-over-month. Of the 140 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for Trumbull County, OH
How long does it take to sell a home in Trumbull County, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 45 Days | +8.9% |
Summary: Homes in Trumbull County had an average of 45 days on market in Nov 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Trumbull County has remained consistent over time.
Summary: During November 2024, 140 homes were sold in Trumbull County; 35% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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