Is Mansfield, 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, Mansfield has remained a Seller's Market.
Housing Prices in Mansfield, OH
How much do homes in Mansfield, OH cost?
Median Sold Price
$206,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mansfield was $206,000 in April 2024, up 17.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $73K | N/A |
2 Bedrooms | $130K | $139K | +6.9% |
3 Bedrooms | $170K | $195K | +14.7% |
4 Bedrooms | $232.4K | $255K | +9.7% |
5+ Bedrooms | $399K | $316K | -20.8% |
Summary: Mansfield 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 increased by 6.9%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Cities
Mansfield | $175K | $206K | +17.7% |
Mansfield Township | $175K | $206K | +17.7% |
Washington Township | $232.7K | $259.9K | +11.7% |
Madison Township | $191.5K | $196.3K | +2.5% |
Springfield Township | $182K | $180K | -1.1% |
Housing Supply in Mansfield, OH
How many homes are available in Mansfield, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 103 | +6.2% |
Summary: The Mansfield real estate market had 103 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 56 | 54 | -3.6% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Mansfield 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 increased by 20%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Mansfield in April 2024, down by 13.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Mansfield, OH
How long does it take to sell a home in Mansfield, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 29 Days | -12.8% |
Summary: Homes in Mansfield had an average of 29 days on market in Apr 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Mansfield; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.