Is Burton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Burton has remained a Seller's Market.
Housing Prices in Burton, OH
How much do homes in Burton, OH cost?
Median Sold Price
$257,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burton was $257,500 in May 2024, up 7.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $198K | $215K | +8.6% |
3 Bedrooms | $217.4K | $256.7K | +18.1% |
4 Bedrooms | $317.5K | $315K | -0.8% |
5+ Bedrooms | $392.5K | $365K | -7.0% |
Summary: Burton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
Burton Township | $240K | $260K | +8.3% |
Burton | $240K | $257.5K | +7.3% |
Housing Supply in Burton, OH
How many homes are available in Burton, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Summary: The Burton real estate market had 14 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Burton housing inventory by bedroom type for May 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 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Burton in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Burton, OH
How long does it take to sell a home in Burton, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
141 Days | 24 Days | -83.0% |
Summary: Homes in Burton had an average of 24 days on market in May 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Burton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.