Is Garrettsville, 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, Garrettsville has remained a Seller's Market.
Key Takeaway
Garrettsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrettsville, OH
How much do homes in Garrettsville, OH cost?
Median Sold Price
$256,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Garrettsville have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Garrettsville was $256,000 in May 2024, up 12.3% 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 | - | $187.5K | N/A |
| 2 Bedrooms | $35K | $185.5K | +430.0% |
| 3 Bedrooms | $215K | $219.5K | +2.1% |
| 4 Bedrooms | $255K | $305K | +19.6% |
| 5+ Bedrooms | $250K | $261.9K | +4.8% |
Summary: Garrettsville 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 430%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Hiram Township | $218.7K | $285K | +30.3% |
| Garrettsville | $228K | $256K | +12.3% |
| Nelson Township | $232K | $260K | +12.0% |
| Windham Township | $165.5K | $160K | -3.4% |
| Freedom Township | $232.5K | $190K | -18.3% |
Housing Supply in Garrettsville, OH
How many homes are available in Garrettsville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Garrettsville real estate market had 22 homes for sale in May 2024, a 4.3% decrease 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Garrettsville 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 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 Garrettsville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Garrettsville in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Garrettsville, OH
How long does it take to sell a home in Garrettsville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +32.8% |
Summary: Homes in Garrettsville had an average of 30 days on market in May 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Garrettsville has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Garrettsville; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.