Is Twinsburg, 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, Twinsburg has remained a Seller's Market.
Key Takeaway
Twinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twinsburg, OH
How much do homes in Twinsburg, OH cost?
Median Sold Price
$316,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Twinsburg have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Twinsburg was $316,000 in May 2024, up 1.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.5K | $107.5K | +25.7% |
| 2 Bedrooms | $220.6K | $240K | +8.8% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $408.2K | $440K | +7.8% |
| 5+ Bedrooms | $525K | $676K | +28.8% |
Summary: Twinsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Twinsburg | $310K | $316K | +1.9% |
| Twinsburg Township | $324.5K | $329K | +1.4% |
| Macedonia | $305.9K | $299.5K | -2.1% |
| Reminderville | $325K | $310K | -4.6% |
Housing Supply in Twinsburg, OH
How many homes are available in Twinsburg, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Summary: The Twinsburg real estate market had 54 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Twinsburg 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 remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twinsburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Twinsburg in May 2024, up by 64.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.
Days on Market for Twinsburg, OH
How long does it take to sell a home in Twinsburg, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -18.1% |
Summary: Homes in Twinsburg had an average of 22 days on market in May 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Twinsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Twinsburg; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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