Is Port Clinton, 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, Port Clinton has remained a Seller's Market.
Key Takeaway
Port Clinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Clinton, OH
How much do homes in Port Clinton, OH cost?
Median Sold Price
$285,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Clinton have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Port Clinton was $285,000 in May 2024, up 0.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $225K | +2.3% |
| 2 Bedrooms | $310K | $273K | -11.9% |
| 3 Bedrooms | $278K | $293K | +5.4% |
| 4 Bedrooms | $385K | $560K | +45.5% |
| 5+ Bedrooms | $777.5K | $579.2K | -25.5% |
Summary: Port Clinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 25.5%.
Median Sold Price Compared To Nearby Cities
| Erie Township | $126.1K | $300K | +137.9% |
| Portage Township | $178.2K | $261K | +46.4% |
| Port Clinton | $283K | $285K | +0.7% |
Housing Supply in Port Clinton, OH
How many homes are available in Port Clinton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 115 | +11.7% |
Summary: The Port Clinton real estate market had 115 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 46 | 55 | +19.6% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Port Clinton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Clinton, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Port Clinton in May 2024, up by 27.3% month-over-month. Of the 28 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.
Days on Market for Port Clinton, OH
How long does it take to sell a home in Port Clinton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 43 Days | -26.9% |
Summary: Homes in Port Clinton had an average of 43 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Clinton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Port Clinton; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% 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.