Is Van Wert, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Van Wert is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Van Wert has remained a Seller's Market.

Key Takeaway

Van Wert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Van Wert, OH

How much do homes in Van Wert, OH cost?

Median Sold Price

$109,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$137,950(-55.9%)

Key Takeaway

Homes in Van Wert have sold for 55.9% less than they did a year ago.

Summary: The median home sold price in Van Wert was $109,000 in October 2024, down 55.9% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$84K
N/A
3 $246.9K$187K
-24.3%
4 $237.8K-
N/A
5+ --
N/A

Summary: Van Wert 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 did not change, 3 bedroom homes decreased by 24.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Van Wert, OH

How many homes are available in Van Wert, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Van Wert real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Van Wert 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Van Wert, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Van Wert in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Van Wert, OH

How long does it take to sell a home in Van Wert, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days42 Days-10.6%

Summary: Homes in Van Wert had an average of 42 days on market in Oct 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Van Wert are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Van Wert; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Van Wert, OH

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