Is Wakeman, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wakeman is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Wakeman was a Neutral Market.

Key Takeaway

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

Housing Prices in Wakeman, OH

How much do homes in Wakeman, OH cost?

Median Sold Price

$251,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$18,000(-6.7%)

Key Takeaway

Homes in Wakeman have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Wakeman was $251,000 in September 2024, down 6.7% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $190K$211K
+11.1%
3 $269K$262.5K
-2.4%
4 $279.5K$298K
+6.6%
5+ $380K$367.5K
-3.3%

Summary: Wakeman housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Wakeman
-6.7%
Wakeman Township
-6.7%

Housing Supply in Wakeman, OH

How many homes are available in Wakeman, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1214+16.7%

Summary: The Wakeman real estate market had 14 homes for sale in September 2024, a 16.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 910
+11.1%
4 24
+100.0%
5+ 10
-100.0%

Summary: The Wakeman housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wakeman, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Wakeman in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Wakeman, OH

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

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days41 Days+51.9%

Summary: Homes in Wakeman had an average of 41 days on market in Sep 2024, up by 51.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wakeman has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Wakeman; 0% of homes were sold within 30 days, 100% 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 29 Days Ago

Newest Listings in Wakeman, OH

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