Is Sandusky, 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, Sandusky has remained a Seller's Market.
Key Takeaway
Sandusky is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandusky, OH
How much do homes in Sandusky, OH cost?
Median Sold Price
$157,280
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sandusky have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Sandusky was $157,280 in May 2024, up 7.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.2K | $144.2K | +54.7% |
| 2 Bedrooms | $107.9K | $106K | -1.8% |
| 3 Bedrooms | $156.6K | $160.3K | +2.3% |
| 4 Bedrooms | $183K | $213.5K | +16.7% |
| 5+ Bedrooms | $154.7K | $215K | +39.0% |
Summary: Sandusky housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 39%.
Median Sold Price Compared To Nearby Cities
| Huron Township | $257K | $295.5K | +15.0% |
| Margaretta Township | $175K | $195K | +11.4% |
| Sandusky | $146.4K | $157.2K | +7.4% |
Housing Supply in Sandusky, OH
How many homes are available in Sandusky, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 | 155 | +20.2% |
Summary: The Sandusky real estate market had 155 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 27 | 37 | +37.0% |
| 3 Bedrooms | 65 | 67 | +3.1% |
| 4 Bedrooms | 26 | 37 | +42.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Sandusky housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 43 | +26.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandusky, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Sandusky in May 2024, up by 26.5% month-over-month. Of the 43 sold homes, 58% were sold under asking, 12% were sold at asking, and 30% were sold over asking.
Days on Market for Sandusky, OH
How long does it take to sell a home in Sandusky, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 58 Days | +49.6% |
Summary: Homes in Sandusky had an average of 58 days on market in May 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sandusky has remained consistent over time.
Summary: During May 2024, 43 homes were sold in Sandusky; 26% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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