$2,255 Closing Credit*
$189,900
5 Beds
•3 Full Baths, 1 Partial
Rick L Geckler, Listing Office: Icon Real Estate Services, LLC
Is University of Akron, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, University of Akron was a Seller's Market.
Key Takeaway
University of Akron is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in University of Akron, OH
How much do homes in University of Akron, OH cost?
Median Sold Price
$100,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,000(-5.7%)
Key Takeaway
Homes in University of Akron have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in University of Akron was $100,000 in October 2024, down 5.7% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $56.5K | $49.2K | -12.8% |
| 3 Bedrooms | $72.9K | $80K | +9.7% |
| 4 Bedrooms | $115K | $100K | -13.0% |
| 5+ Bedrooms | $144K | $117.5K | -18.4% |
Summary: University of Akron 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 12.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $55K | $73.9K | +34.4% |
| South Akron | $78.7K | $82.5K | +4.8% |
| University of Akron | $106K | $100K | -5.7% |
Housing Supply in University of Akron, OH
How many homes are available in University of Akron, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The University of Akron real estate market had 51 homes for sale in October 2024, a 18.6% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The University of Akron 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University of Akron, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in University of Akron in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for University of Akron, OH
How long does it take to sell a home in University of Akron, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 28 Days | -19.1% |
Summary: Homes in University of Akron had an average of 28 days on market in Oct 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University of Akron are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in University of Akron; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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