Is Gnadenhutten, 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, Gnadenhutten has remained a Seller's Market.
Key Takeaway
Gnadenhutten is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gnadenhutten, OH
How much do homes in Gnadenhutten, OH cost?
Median Sold Price
$165,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gnadenhutten have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Gnadenhutten was $165,000 in May 2024, up 13.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $112K | $150K | +33.9% |
| 3 Bedrooms | $145K | $157.5K | +8.6% |
| 4 Bedrooms | $325K | $236.2K | -27.3% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Gnadenhutten 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 33.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gnadenhutten | $145K | $165K | +13.8% |
| Warwick Township | $144.7K | $141.5K | -2.2% |
Housing Supply in Gnadenhutten, OH
How many homes are available in Gnadenhutten, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Gnadenhutten real estate market had 2 homes for sale in May 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gnadenhutten 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 decreased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gnadenhutten, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Gnadenhutten in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gnadenhutten, OH
How long does it take to sell a home in Gnadenhutten, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -36.2% |
Summary: Homes in Gnadenhutten had an average of 15 days on market in May 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gnadenhutten are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Gnadenhutten; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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