Is Arcanum, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arcanum has remained a Seller's Market.
Housing Prices in Arcanum, OH
How much do homes in Arcanum, OH cost?
Median Sold Price
$189,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arcanum was $189,500 in April 2024, up 5.3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $152K | $149.4K | -1.7% |
3 Bedrooms | $177.5K | $187.2K | +5.5% |
4 Bedrooms | $313.1K | $195K | -37.7% |
5+ Bedrooms | $147.2K | $397.5K | +170.0% |
Summary: Arcanum housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 37.7%, and 5+ bedroom homes increased by 170%.
Median Sold Price Compared To Nearby Cities
Arcanum | $180K | $189.5K | +5.3% |
Twin Township | $185K | $185K | 0.0% |
Housing Supply in Arcanum, OH
How many homes are available in Arcanum, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Summary: The Arcanum real estate market had 21 homes for sale in April 2024, a 16.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Arcanum housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Arcanum in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 89 Days | +139.2% |
Summary: Homes in Arcanum had an average of 89 days on market in Apr 2024, up by 139.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Arcanum; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.