Is Alliance, 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, Alliance has remained a Seller's Market.
Key Takeaway
Alliance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alliance, OH
How much do homes in Alliance, OH cost?
Median Sold Price
$144,666
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alliance have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Alliance was $144,666 in May 2024, up 5.2% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $73K | +21.7% |
| 2 Bedrooms | $105K | $116K | +10.5% |
| 3 Bedrooms | $135K | $150K | +11.1% |
| 4 Bedrooms | $171.6K | $158.7K | -7.5% |
| 5+ Bedrooms | $165K | $144.7K | -12.3% |
Summary: Alliance housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Lexington Township | $173.4K | $206.6K | +19.1% |
| Alliance | $137.5K | $144.6K | +5.2% |
Housing Supply in Alliance, OH
How many homes are available in Alliance, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 91 | +11.0% |
Summary: The Alliance real estate market had 91 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Alliance housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alliance, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Alliance in May 2024, up by 25.0% month-over-month. Of the 29 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% were sold over asking.
Days on Market for Alliance, OH
How long does it take to sell a home in Alliance, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -8.5% |
Summary: Homes in Alliance had an average of 35 days on market in May 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alliance are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Alliance; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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