Is Navarre, 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, Navarre has remained a Seller's Market.
Key Takeaway
Navarre is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Navarre, OH
How much do homes in Navarre, OH cost?
Median Sold Price
$159,500
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Navarre have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Navarre was $159,500 in May 2024, down 8.9% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.1K | $75.3K | -3.5% |
| 2 Bedrooms | $115K | $60K | -47.8% |
| 3 Bedrooms | $185K | $186K | 0.5% |
| 4 Bedrooms | $188.5K | $210K | +11.4% |
| 5+ Bedrooms | $447K | $134K | -70.0% |
Summary: Navarre housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 47.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 70%.
Median Sold Price Compared To Nearby Cities
| Perry Township | $179K | $200.9K | +12.3% |
| Massillon | $174.8K | $190.7K | +9.1% |
| Bethlehem Township | $156K | $155K | -0.6% |
| Navarre | $175K | $159.5K | -8.9% |
Housing Supply in Navarre, OH
How many homes are available in Navarre, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Navarre real estate market had 27 homes for sale in May 2024, a 12.5% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Navarre 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 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Navarre, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Navarre in May 2024, up by 175.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Navarre, OH
How long does it take to sell a home in Navarre, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +14.0% |
Summary: Homes in Navarre had an average of 36 days on market in May 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Navarre are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Navarre; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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