Is Stow, 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, Stow has remained a Seller's Market.
Key Takeaway
Stow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stow, OH
How much do homes in Stow, OH cost?
Median Sold Price
$260,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stow have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Stow was $260,000 in May 2024, up 3.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | $79.4K | +41.9% |
| 2 Bedrooms | $133.7K | $165K | +23.4% |
| 3 Bedrooms | $236K | $257K | +8.9% |
| 4 Bedrooms | $299.9K | $296.9K | -1.0% |
| 5+ Bedrooms | $350K | $325K | -7.1% |
Summary: Stow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Stow, OH
How many homes are available in Stow, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 97 | +14.1% |
Summary: The Stow real estate market had 97 homes for sale in May 2024, a 14.1% 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 | 16 | 17 | +6.3% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 29 | 35 | +20.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Stow 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 6.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stow, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Stow in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Stow, OH
How long does it take to sell a home in Stow, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 25 Days | -7.0% |
Summary: Homes in Stow had an average of 25 days on market in May 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stow are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Stow; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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