$2,138 Closing Credit*
$180,000
1,176 SqFt
3 Beds
•1 Full Bath, 1 Partial
Nancy Mesmer, Listing Office: CENTURY 21 Lakeside Realty
Is Trumbull 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, 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
$154,946
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,952(+6.9%)
Key Takeaway
Homes in Trumbull County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Trumbull County was $154,946 in October 2024, up 6.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.9K | $69K | +38.1% |
| 2 Bedrooms | $107.4K | $110K | +2.4% |
| 3 Bedrooms | $147K | $154.9K | +5.4% |
| 4 Bedrooms | $184.3K | $220K | +19.3% |
| 5+ Bedrooms | $196K | $200K | +2.0% |
Summary: Trumbull County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Ashtabula County | $149.9K | $173.3K | +15.6% |
| Mahoning County | $149.6K | $165.6K | +10.6% |
| Mercer County | $149.3K | $163K | +9.2% |
| Trumbull County | $144.9K | $154.9K | +6.9% |
| Portage County | $240.5K | $251.6K | +4.6% |
Housing Supply in Trumbull County, OH
How many homes are available in Trumbull County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 634 | 682 | +7.6% |
Summary: The Trumbull County real estate market had 682 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 119 | 116 | -2.5% |
| 3 Bedrooms | 345 | 374 | +8.4% |
| 4 Bedrooms | 131 | 146 | +11.5% |
| 5+ Bedrooms | 34 | 43 | +26.5% |
Summary: The Trumbull County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 160 | +24.0% |
Asking Price vs. Sold Price
93 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
42 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. 58.5% of homes here sold below asking price last month.
Summary: A total of 160 homes were sold or pending in Trumbull County in October 2024, up by 24.0% month-over-month. Of the 159 sold homes, 58% were sold under asking, 15% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 45 Days | +9.3% |
Summary: Homes in Trumbull County had an average of 45 days on market in Oct 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trumbull County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 160 homes were sold in Trumbull County; 44% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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