Is Mount Sterling, 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, Mount Sterling was a Seller's Market.
Housing Prices in Mount Sterling, OH
How much do homes in Mount Sterling, OH cost?
Median Sold Price
$237,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Sterling was $237,000 in May 2024, down 8.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $46K | N/A |
2 Bedrooms | $152K | $177.5K | +16.8% |
3 Bedrooms | $225K | $277.5K | +23.3% |
4 Bedrooms | $284.9K | $366.4K | +28.6% |
5+ Bedrooms | $388.5K | $210K | -45.9% |
Summary: Mount Sterling 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 16.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
Pleasant Township | $238.5K | $229.4K | -3.8% |
Mount Sterling | $258K | $237K | -8.1% |
Housing Supply in Mount Sterling, OH
How many homes are available in Mount Sterling, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Mount Sterling real estate market had 21 homes for sale in May 2024, a 61.5% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Sterling 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 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mount Sterling in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Sterling, OH
How long does it take to sell a home in Mount Sterling, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 6 Days | -89.9% |
Summary: Homes in Mount Sterling had an average of 6 days on market in May 2024, down by 89.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Mount Sterling; 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.