Is Arcanum, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Arcanum was a Seller's Market.
Housing Prices in Arcanum, OH
How much do homes in Arcanum, OH cost?
Median Sold Price
$189,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arcanum was $189,000 in May 2024, down 2.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $187K | $149.4K | -20.1% |
3 Bedrooms | $190K | $187.2K | -1.4% |
4 Bedrooms | $235K | $195K | -17.0% |
5+ Bedrooms | $261.1K | $397.5K | +52.2% |
Summary: Arcanum 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 decreased by 20.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 52.2%.
Median Sold Price Compared To Nearby Cities
Van Buren Township | $225K | $289.9K | +28.9% |
Arcanum | $193.5K | $189K | -2.3% |
Twin Township | $189.4K | $185K | -2.3% |
Housing Supply in Arcanum, OH
How many homes are available in Arcanum, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The Arcanum real estate market had 20 homes for sale in May 2024, a 4.8% 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 | 3 | 1 | -66.7% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Arcanum 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 decreased by 66.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Arcanum in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Arcanum, OH
How long does it take to sell a home in Arcanum, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 39 Days | -20.4% |
Summary: Homes in Arcanum had an average of 39 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Arcanum; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.