$198,000
12.43 Acres
Land
Jason Thompson, Listing Office: Howard Hanna Real Estate Services
Is Warsaw, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Warsaw was a Neutral Market.
Key Takeaway
Warsaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warsaw, OH
How much do homes in Warsaw, OH cost?
Median Sold Price
$175,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$12,500(+7.7%)
Key Takeaway
Homes in Warsaw have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Warsaw was $175,000 in December 2024, up 7.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110.5K | N/A |
| 2 Bedrooms | $115K | $162.5K | +41.3% |
| 3 Bedrooms | $189.2K | $195.9K | +3.5% |
| 4 Bedrooms | $317.5K | $367.5K | +15.7% |
| 5+ Bedrooms | $392K | $170.5K | -56.5% |
Summary: Warsaw housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 56.5%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $167K | $191.3K | +14.6% |
| Warsaw | $162.5K | $175K | +7.7% |
Housing Supply in Warsaw, OH
How many homes are available in Warsaw, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Warsaw real estate market had 20 homes for sale in December 2024, a 17.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Warsaw housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Warsaw, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Warsaw in December 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Warsaw, OH
How long does it take to sell a home in Warsaw, OH?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 83 Days | +209.9% |
Summary: Homes in Warsaw had an average of 83 days on market in Dec 2024, up by 209.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Warsaw are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Warsaw; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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