Is Marblehead, 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, Marblehead has remained a Seller's Market.
Key Takeaway
Marblehead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marblehead, OH
How much do homes in Marblehead, OH cost?
Median Sold Price
$471,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marblehead have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Marblehead was $471,000 in May 2024, up 21.9% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349.5K | $375K | +7.3% |
| 3 Bedrooms | $399K | $472.4K | +18.4% |
| 4 Bedrooms | $700K | $562.5K | -19.6% |
| 5+ Bedrooms | $2.0M | $1.7M | -13.1% |
Summary: Marblehead 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 7.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $386.5K | $471K | +21.9% |
| Lakeside Marblehead | $377.5K | $437.9K | +16.0% |
| Danbury Township | $384K | $439.9K | +14.6% |
Housing Supply in Marblehead, OH
How many homes are available in Marblehead, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Marblehead real estate market had 26 homes for sale in May 2024, a 30.0% 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 | 11 | 15 | +36.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Marblehead 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 36.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Marblehead in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Marblehead, OH
How long does it take to sell a home in Marblehead, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 66 Days | +108.4% |
Summary: Homes in Marblehead had an average of 66 days on market in May 2024, up by 108.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Marblehead; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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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.