$2,374 Closing Credit*
$199,900
2,582 SqFt
4 Beds
•3 Full Baths, 1 Partial
Michael Milec, Listing Office: Cutler Real Estate
Is West Farmington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Farmington has remained a Seller's Market.
Key Takeaway
West Farmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Farmington, OH
How much do homes in West Farmington, OH cost?
Median Sold Price
$257,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+12.2%)
Key Takeaway
Homes in West Farmington have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in West Farmington was $257,000 in October 2024, up 12.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $116K | $190K | +63.8% |
| 3 Bedrooms | $167.5K | $207.2K | +23.7% |
| 4 Bedrooms | $290K | $282.7K | -2.5% |
| 5+ Bedrooms | $364.2K | $728.5K | +100.0% |
Summary: West Farmington 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 increased by 63.8%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 100%.
Housing Supply in West Farmington, OH
How many homes are available in West Farmington, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The West Farmington real estate market had 7 homes for sale in October 2024, a 16.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Farmington 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 increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Farmington, 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 West Farmington in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Farmington, OH
How long does it take to sell a home in West Farmington, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 22 Days | +650.0% |
Summary: Homes in West Farmington had an average of 22 days on market in Oct 2024, up by 650% 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
Key Takeaway
Many homes in West Farmington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in West Farmington; 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.
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