$1,603 Closing Credit*
$135,000
1,560 SqFt
3 Beds
•2 Full Baths
Kristy Trentman, Listing Office: Daisy Lane Realty
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 November 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
$99,500
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,500(-6.1%)
Key Takeaway
Homes in University of Akron have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in University of Akron was $99,500 in November 2024, down 6.1% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $56.5K | $56.5K | 0.0% |
| 3 Bedrooms | $80.5K | $71.5K | -11.2% |
| 4 Bedrooms | $106.5K | $100K | -6.1% |
| 5+ Bedrooms | $140K | $117.5K | -16.1% |
Summary: University of Akron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $60K | $73.9K | +23.2% |
| South Akron | $80K | $86.4K | +8.1% |
| University of Akron | $106K | $99.5K | -6.1% |
Housing Supply in University of Akron, OH
How many homes are available in University of Akron, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The University of Akron real estate market had 48 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The University of Akron 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 50%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in University of Akron, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in University of Akron in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 94 Days | 55 Days | -41.3% |
Summary: Homes in University of Akron had an average of 55 days on market in Nov 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in University of Akron has remained consistent over time.
Summary: During November 2024, 6 homes were sold in University of Akron; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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