Is Strasburg, 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, Strasburg has remained a Seller's Market.
Key Takeaway
Strasburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Strasburg, OH
How much do homes in Strasburg, OH cost?
Median Sold Price
$247,450
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Strasburg have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Strasburg was $247,450 in May 2024, up 10.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $217K | +24.0% |
| 3 Bedrooms | $237K | $241.2K | +1.8% |
| 4 Bedrooms | $275K | $280K | +1.8% |
| 5+ Bedrooms | $200K | $342K | +71.0% |
Summary: Strasburg 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 24%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 71%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $230K | $257.1K | +11.8% |
| Strasburg | $224K | $247.4K | +10.5% |
Housing Supply in Strasburg, OH
How many homes are available in Strasburg, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Strasburg real estate market had 15 homes for sale in May 2024, a 36.4% 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 | 3 | +200.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Strasburg 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 increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
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 Strasburg, 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 Strasburg in May 2024, up by 100.0% 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 Strasburg, OH
How long does it take to sell a home in Strasburg, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 50 Days | -10.4% |
Summary: Homes in Strasburg had an average of 50 days on market in May 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Strasburg has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Strasburg; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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