$2,494 Closing Credit*
$210,000
1,607 SqFt
3 Beds
•1 Full Bath
Ali Whitley, Listing Office: RE/MAX Crossroads Properties
Is West 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, West Akron was a Seller's Market.
Key Takeaway
West Akron is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Akron, OH
How much do homes in West Akron, OH cost?
Median Sold Price
$130,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,666(+16.8%)
Key Takeaway
Homes in West Akron have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in West Akron was $130,000 in October 2024, up 16.8% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $25K | -43.2% |
| 2 Bedrooms | $68K | $73K | +7.4% |
| 3 Bedrooms | $115K | $126.3K | +9.8% |
| 4 Bedrooms | $128.5K | $150K | +16.7% |
| 5+ Bedrooms | $135K | $197K | +45.9% |
Summary: West Akron housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Lane-Wooster | $75.7K | $96K | +26.7% |
| West Akron | $111.3K | $130K | +16.8% |
| Highland Square | $135K | $145K | +7.4% |
Housing Supply in West Akron, OH
How many homes are available in West Akron, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 86 | +26.5% |
Summary: The West Akron real estate market had 86 homes for sale in October 2024, a 26.5% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 45 | 56 | +24.4% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The West 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 increased by 40%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Akron, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in West Akron in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for West Akron, OH
How long does it take to sell a home in West Akron, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -34.5% |
Summary: Homes in West Akron had an average of 36 days on market in Oct 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Akron are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in West Akron; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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