Is Prospect, 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, Prospect has remained a Buyer's Market.
Housing Prices in Prospect, OH
How much do homes in Prospect, OH cost?
Median Sold Price
$275,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prospect was $275,000 in May 2024, up 32.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160.7K | $294K | +82.9% |
3 Bedrooms | $200K | $265K | +32.5% |
4 Bedrooms | $340K | $295K | -13.2% |
5+ Bedrooms | $170K | $490K | +188.2% |
Summary: Prospect 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 82.9%, 3 bedroom homes increased by 32.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 188.2%.
Median Sold Price Compared To Nearby Cities
Prospect | $207.5K | $275K | +32.5% |
Prospect Township | $221K | $275K | +24.4% |
Housing Supply in Prospect, OH
How many homes are available in Prospect, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Summary: The Prospect real estate market had 8 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 | 10 | 7 | -30.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Prospect 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 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Prospect in May 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Prospect, OH
How long does it take to sell a home in Prospect, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 3 Days | -90.0% |
Summary: Homes in Prospect had an average of 3 days on market in May 2024, down by 90% 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
Summary: During May 2024, 1 homes were sold in Prospect; 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.