Is Trumbull County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Trumbull County has remained a Seller's Market.
Housing Prices in Trumbull County, OH
How much do homes in Trumbull County, OH cost?
Median Sold Price
$146,147
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Trumbull County was $146,147 in April 2024, up 4.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.9K | $54.5K | +18.7% |
2 Bedrooms | $100K | $105.6K | +5.7% |
3 Bedrooms | $139.9K | $149.8K | +7.0% |
4 Bedrooms | $185K | $198.9K | +7.5% |
5+ Bedrooms | $185.7K | $245K | +31.9% |
Summary: Trumbull County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Counties
Mahoning County | $143.3K | $157.8K | +10.1% |
Mercer County | $140K | $151.7K | +8.3% |
Ashtabula County | $149.9K | $159.8K | +6.7% |
Portage County | $235.2K | $249.7K | +6.2% |
Trumbull County | $139.9K | $146.1K | +4.4% |
Housing Supply in Trumbull County, OH
How many homes are available in Trumbull County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
526 | 517 | -1.7% |
Summary: The Trumbull County real estate market had 517 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 105 | 102 | -2.9% |
3 Bedrooms | 290 | 282 | -2.8% |
4 Bedrooms | 101 | 102 | +1.0% |
5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Trumbull County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 138 | -15.3% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 138 homes were sold or pending in Trumbull County in April 2024, down by 15.3% month-over-month. Of the 137 sold homes, 48% were sold under asking, 15% were sold at asking, and 37% were sold over asking.
Days on Market for Trumbull County, OH
How long does it take to sell a home in Trumbull County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 46 Days | +13.9% |
Summary: Homes in Trumbull County had an average of 46 days on market in Apr 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 138 homes were sold in Trumbull County; 49% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.