Navigating Real Estate in Ohio: A Comprehensive Guide

Welcome to our dedicated blog where we dive deep into the nuances of the real estate markets in Ohio. Whether you're buying your first home, seeking investment properties, or exploring market trends, our insights will guide you through every step of your real estate journey.

Ohio Real Estate Overview

Ohio's real estate market offers a diverse range of options from bustling city apartments in Columbus to serene suburban homes in Fairfield County. The state's affordable cost of living combined with growing job opportunities makes it an attractive market for first-time homebuyers and investors alike.

Market Trends

Ohio: Current trends indicate a rise in demand for suburban homes as more individuals seek properties with more space and access to nature.

Investment Opportunities

Ohio: Look for burgeoning markets in smaller cities and suburbs where property values are set to rise.

Buying and Selling Tips

For Buyers: Consider your long-term goals. In Ohio, focus on community-driven areas with good schools and infrastructure.
For Sellers: Highlight unique property features. In Ohio, emphasize space and community amenities.

This content structure provides a thorough introduction to the real estate landscapes of both states, catering to various interests from home buyers to investors.

Aug. 27, 2026

Can You Sell a House in Foreclosure in Ohio? Yes — Here's the Deadline That Matters

Illustration of a foreclosure notice taped to the front door of an Ohio home with a for-sale sign still standing in the yard

Yes. Filing a foreclosure does not take your house — a confirmed sheriff's sale does, and that is usually many months later. Until then you still hold title, and you can still list, sell or refinance exactly as you could the day before the complaint arrived. You do not need your lender's permission, as long as the sale pays the loan in full.

What a sale actually does is pay that loan off, which ends the case. Not a negotiation, not a modification — a payoff. So the real question is never whether you are allowed to sell. It is how much time is left before the auction, and that is a date on a court calendar you can look up.

Need to sell an Ohio house fast? Text “Cash Offer” to (614) 858-8384

A foreclosure filing does not take your house, but a sale date does, and the only thing that beats a court calendar is a closing that funds. No obligation, no fee, and we will tell you honestly if listing would net you more. Get a cash offer on your Ohio home.

Who Owns the House During Foreclosure?

You do. This trips up almost everyone. A foreclosure complaint is a lawsuit asking a court for permission to sell your property to satisfy a debt. Until the court grants that and the sale is confirmed, ownership has not moved anywhere. Your deed is still your deed.

What has changed is that there is now a countdown, and a lienholder with a court's attention. The lien has to be paid off at closing — but that is true of any mortgage on any sale. The foreclosure case adds urgency and cost, not a prohibition.

The Deadline That Actually Governs

Ohio gives you an equitable right of redemption at any time before the court confirms the sheriff's sale (ORC 2329.33). That is the legal endpoint, and it sits after the auction itself. Under ORC 2329.31 the court is to direct that confirmation entry within thirty days of the return of the writ, so in practice the gap between auction and confirmation is a few weeks.

Do not plan around that gap. Redeeming in it requires depositing the full judgment plus all costs with the clerk, together with eight per cent annual interest on the purchase money from the day of sale (ORC 2329.33) — a sum most people in foreclosure cannot raise, and if they could, they would not be here. Worse for a seller, most title companies will not insure a transfer during that window, so a buyer generally cannot close even if you have one under contract.

Before the sale, everything works normally. After it, almost nothing does. Treat the auction date as the deadline and you will not be wrong.

How Much Time Do You Actually Have?

More than the mail suggests, usually. Ohio is a judicial foreclosure state, so the case runs six months to more than a year from filing to a confirmed sale in most counties. You get 28 days to answer the complaint under Ohio Civil Rule 12(A)(1), and the case only reaches a sale date after a judgment and decree of foreclosure.

Once a date is set, ORC 2329.27 requires the sale be advertised once a week for three consecutive weeks beforehand, and ORC 2329.26 requires the judgment creditor to serve you written notice of the date, time and place — or the start date and web address for an online auction — filed with the clerk at least seven calendar days before. If a sale is postponed, ORC 2329.152 requires the rescheduled date to fall within 180 days of the first one.

How the Payoff Actually Works

The mechanics are the same as any sale with a mortgage on it, with one addition.

You get the property under contract.
The title company orders a payoff statement from the servicer — and in foreclosure, that figure includes arrears, late fees, default interest, and the lender's attorney fees and court costs. It is meaningfully higher than your loan balance, and it grows every month.
At closing, the payoff is wired to the servicer from the sale proceeds.
Other liens — back taxes, judgment liens, a second mortgage — are paid from proceeds in priority order, the same way the first mortgage is.
The lender files a dismissal of the foreclosure case, and any remaining proceeds are yours.

The order matters: nobody dismisses the case in advance because you promised to sell. The dismissal follows the money. Until the wire lands, the sale date on the court's calendar stands.

Why Certainty Beats Price in This Situation

This is not marketing, it is arithmetic. A financed buyer needs an appraisal, an underwriter and a rate lock, and that is thirty to forty-five days at minimum even when nothing goes wrong. If your buyer's financing collapses three weeks before a sheriff's sale, there is no second attempt — the auction does not move because your contract died.

A cash purchase removes the lender from the equation, which is what makes a seven to fourteen day close possible. When your deadline is a court date, certainty is worth more than the last few percent of price. That is the entire trade, stated plainly, and it is a real trade rather than a free lunch: a cash offer will normally come in below what a fully marketed listing would fetch.

There is a second reason cash buyers cluster here. Houses in pre-foreclosure have usually been through a hard financial year, which means the roof was not replaced and the furnace was nursed along. Deferred maintenance is the norm, and it is exactly what makes a retail sale slow and an as-is sale straightforward.

What If You Have Equity?

Then you should be in a genuine hurry, because the equity is what you lose. Every month of arrears, fees and attorney costs comes off your side of the ledger, and at a sheriff's sale you have no control over price at all.

Ohio protects the first auction with a floor of two-thirds of appraised value (ORC 2329.20), but in residential mortgage foreclosures a second auction follows not earlier than seven and not later than thirty days later with no regard to that minimum (ORC 2329.52(B)), and after two failed auctions the property can be offered with no minimum at all. The floor delays a low sale; it does not prevent one.

If you have real equity and any time at all, listing on the open market may well net you more than a cash offer. Ask for both numbers before you decide. Anyone unwilling to show you the listing comparison is not giving you advice, they are giving you a pitch.

What If You Owe More Than It Is Worth?

Then you are looking at a short sale, which requires your lender's cooperation rather than just yours. Short sales take months rather than weeks, and that changes what kind of buyer can survive the process: an investor who has done them before will stay under contract where a retail buyer usually walks by week four.

There is a tax point here that changed recently and that a lot of older advice still gets wrong. The qualified principal residence indebtedness exclusion — the rule that let many homeowners leave forgiven mortgage debt off their return — lapsed for discharges completed, or written agreements entered into, after December 31, 2025 (IRS Publication 4681). Forgiven debt is generally taxable income unless another exclusion applies, and the one that survives is insolvency. Confirm the current state of that rule with a CPA before you sign anything, because Congress has extended it before and may again.

Talk to Two People, Not One

Selling handles the real estate. It does not handle the lawsuit, and the two are separate tracks running in parallel.

Get an Ohio attorney or your county legal aid office involved on the foreclosure itself — especially if you have defenses, want to pursue a modification, or are weighing bankruptcy, which triggers an automatic stay that halts a scheduled sale. Meanwhile the sale side proceeds through a title company. Neither one waits for the other, and assuming a lawyer is handling the closing or that a closing is handling the lawsuit is how people lose houses they could have sold.

Frequently Asked Questions

Do I need my lender's permission to sell during foreclosure?

No, not if the sale pays the loan in full. The mortgage is satisfied from proceeds at closing like any other payoff, and the lender has no say in who buys or at what price. You only need lender cooperation when the sale will not cover what you owe, which makes it a short sale and a slower, more conditional process.

Will the foreclosure case be dismissed automatically once I sell?

After the payoff is received, the lender files a dismissal. It follows the money rather than preceding it, so do not expect the case to pause because a contract exists or because a closing is scheduled. Until the wire actually lands, the sale date on the court's calendar is still live and you should plan around it.

How late is too late to sell a house in foreclosure in Ohio?

Legally, until the court confirms the sheriff's sale under ORC 2329.33. Practically, until the auction itself, because most title companies will not insure a transfer between sale and confirmation, which means a buyer cannot close. Work backwards from the auction date and give a cash closing at least a week to fund.

Does selling hurt my credit the way a foreclosure does?

No. A sale that pays the mortgage in full closes the account satisfied and in good standing, which is an ordinary payoff on your credit file. A completed foreclosure stays on your report for seven years from the date of first delinquency under the Fair Credit Reporting Act and affects your next mortgage and your rates.

What if there are also back taxes or other liens on the house?

They get paid from proceeds at closing in priority order, the same way the mortgage does, and the title company handles the payoffs. You do not have to clear them beforehand or come up with cash to do it. What matters is whether the sale price covers everything; if it does not, those lienholders have to agree to release.

North Olmsted Ohio Real Estate Market Report – August 2026

Thirty homes are for sale in North Olmsted. Thirty-three are under contract. But the number that should actually shape your search is this one: the available homes average 2.6 bedrooms, while the homes that recently sold averaged 3.1. If you need three bedrooms in North Olmsted, your real selection is a fraction of thirty.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

North Olmsted Ohio Market Snapshot – August 2026

Figures come from live MLS data for the North Olmsted market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	30	33	203
Average List Price	$241,139	$262,633	$278,119
Average Sold Price	—	—	$279,928
Average Bedrooms	2.6	3.2	3.1
Average Bathrooms	2.2	2.0	2.2
Average Living Area	1,566 sq ft	1,861 sq ft	1,905 sq ft
Average Price per Sq Ft	$158	$142	$153
Average Days on Market	55	44	56

Source: North Olmsted Ohio Real Estate Market Report, live MLS data, August 2026.

Do the Bedroom Arithmetic Before You Judge the Market

A listing count of 30 sounds thin but workable. The composition makes it thinner than it sounds.

Active listings average 2.6 bedrooms and 1,566 square feet. Homes under contract average 3.2 bedrooms and 1,861 square feet. Homes that closed averaged 3.1 bedrooms and 1,905 square feet.

Buyers are absorbing the three-bedroom houses and leaving the smaller ones behind. That is the ordinary mechanism of a tight market, but the effect on your search is concrete: if you filter those 30 listings for three bedrooms and the condition you actually want, the number that survives will be small enough to count on one hand in many weeks.

Run that filter first, before deciding whether North Olmsted has enough inventory for you. The headline number will mislead you.

The Price Columns Are Inverted for the Same Reason

Average asking price is $241,139. Average sale price is $279,928. Asking prices sit nearly $39,000 below recent sales, which looks alarming until you account for what is being counted.

The smaller homes still on the market are cheaper in absolute terms than the larger homes that sold. Per square foot the relationship flips to normal: active listings ask $158 against the $153 buyers paid — a modest 3% premium.

So there is no collapse here, and no bargain either. Just two different slices of housing being averaged in two different columns.

Sellers Are Getting Slightly More Than They Ask

Recent closings averaged $279,928 against an average list price of $278,119 — a sale-to-list ratio of 100.7%, or roughly $1,809 above asking.

With 30 available homes against 33 under contract — a ratio of 0.91 — that modest premium is what you would expect. Competition exists, particularly for the three-bedroom homes, without tipping into the frenzied bidding seen in Cuyahoga Falls or Stow.

The Pace Has Improved

Homes under contract reached agreement in 44 days, against 56 for homes that already closed. That twelve-day improvement suggests absorption sped up over the summer.

Active listings sit at 55 days, close to the closed figure. Read together with the composition data, the likeliest explanation is that the smaller homes are the ones contributing most of that 55-day average while the family-sized homes clear faster.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. North Olmsted's $279,928 average sits essentially at the state median — an established western suburb with strong highway access and its own retail base.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,438 a month in principal and interest before taxes and insurance.

North Olmsted Market Breakdown by Property Type

Single-family homes. What most buyers want and what this market is shortest on — three-bedroom homes near 1,905 square feet. Start with homes for sale in North Olmsted, Ohio.
Condos and low-maintenance living. A large share of the current smaller inventory, and the segment where selection is genuinely available. Compare North Olmsted condos for sale.
New construction. Limited in a built-out city, which is the structural reason three-bedroom supply stays scarce. See new construction homes in North Olmsted.
Lots and land. Scarce, with occasional infill parcels. Browse North Olmsted lots and land.
Commercial property. Great Northern and the Lorain Road corridor trade on fundamentals unrelated to the residential figures above. Review North Olmsted commercial real estate.
Multi-family and investment. Limited local supply with steady rental demand from the western corridor. See North Olmsted multi-family and investment property.
Distressed and below-market. Rare in a market closing above asking. Check North Olmsted foreclosures and distressed sales.

What This Means If You Are Buying

Filter by bedrooms first, then judge the market. Thirty listings is a misleading headline when the average is 2.6 bedrooms and you need three.

If you do need three bedrooms, treat every suitable listing as urgent. Those are the homes the pending data shows being absorbed, and they are clearing faster than the citywide average implies.

If a smaller home or condo works for you, the position reverses and you have real choice. That is where the current inventory actually is, and where a patient buyer has leverage in North Olmsted right now.

What This Means If You Are Selling

If you own a three-bedroom home, you are selling into the scarce half of this market. Price near $153 per square foot — roughly $291,000 for a 1,905-square-foot home — and expect competition from buyers who have been filtering past two-bedroom listings for weeks.

If you own something smaller, know that you are in the crowded half. The $279,928 citywide average describes larger homes than yours, and anchoring to it would be a costly mistake. Price against comparable smaller properties and lean hard on presentation.

Either way, plan on roughly seven to eight weeks and note the trend is improving rather than slowing.

How North Olmsted Compares Nearby

Buyers weighing North Olmsted routinely also look at Westlake, Fairview Park, Olmsted Falls, Berea and Middleburg Heights. Compare the underlying data at the Westlake, Fairview Park and Berea market reports.

Frequently Asked Questions

How many homes are actually for sale in North Olmsted?

Thirty, against 33 already under contract. And the available ones average 2.6 bedrooms while homes that recently sold averaged 3.1, so the effective selection for a buyer who needs three bedrooms is smaller still.

What is the average home price in North Olmsted, Ohio?

Recent closed sales averaged $279,928 on homes of roughly 1,905 square feet with 3.1 bedrooms. That is about 2% below Ohio’s statewide median sale price of $285,000.

Do homes in North Olmsted sell above asking price?

On average, modestly. Recent closings averaged 100.7% of list price — roughly $1,809 above asking on the typical sale.

Why do the homes for sale cost more per square foot than the ones that sold?

Because they are smaller. Active listings average 1,566 square feet and ask $158 per square foot, while recent closings averaged 1,905 square feet at $153. Smaller homes almost always carry a higher rate per foot, so this is a size effect rather than overpricing.

How fast do homes sell in North Olmsted?

Recent closed sales averaged 56 days on market, and homes currently under contract reached agreement in 44 days — a 12-day improvement that suggests the pace has picked up.

How much is the monthly payment on an average North Olmsted home?

At the August 2026 average sale price of $279,928, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,438 a month before taxes and insurance.

Get a Personalized North Olmsted Market Analysis

In a market where the listed homes average half a bedroom fewer than the sold ones, a citywide average is a poor guide to any individual property. A three-bedroom colonial and a two-bedroom condo are being blended into one number that describes neither.

Ready to make a move? Search all North Olmsted, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: North Olmsted Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-North Olmsted

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Aug. 26, 2026

Massillon Ohio Real Estate Market Report – August 2026

The average Massillon listing asks $371,283. The average Massillon sale closed at $255,500. That $116,000 gap is the widest proportional spread in Stark County, and it is almost entirely a story about square footage rather than about sellers overreaching. Understanding it is the difference between shopping Massillon real estate effectively and ruling it out for the wrong reason.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Massillon Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Massillon market area in Stark County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	78	74	406
Average List Price	$371,283	$245,548	$251,656
Average Sold Price	—	—	$255,500
Average Bedrooms	3.2	3.0	3.1
Average Bathrooms	2.4	2.1	2.2
Average Living Area	2,299 sq ft	1,906 sq ft	1,816 sq ft
Average Price per Sq Ft	$149	$128	$145
Average Days on Market	34	45	52

Source: Massillon Ohio Real Estate Market Report, live MLS data, August 2026.

The Asking Gap Is Square Footage, Not Overpricing

Active listings average 2,299 square feet. Recent closings averaged 1,816. That is 27% more house on the market than in the sold data.

Once you account for size, the picture changes completely. Active listings ask $149 per square foot; recent closings achieved $145. A premium of under 3% — which is a normal, healthy amount of stretch, not a market where sellers have detached from reality.

The practical translation: if the $371,283 average asking price has made you think Massillon is out of reach, that number is describing the size of the current inventory. The typical Massillon transaction is an 1,816-square-foot home at about $255,500, and that market is very active — 406 homes closed over the reporting period.

Sellers Are Finishing Above Asking

Recent closings averaged $255,500 against an average list price of $251,656 — a sale-to-list ratio of 101.5%, or roughly $3,844 above asking.

Above 100% across 406 transactions means competing offers are common enough to move the citywide average. Buyers are bidding rather than negotiating, and an offer written below list needs a specific reason behind it.

Supply Is Tight and Turning Over Fast

78 active listings against 74 under contract gives a ratio of 1.05 — well under the 1.5-to-2.0 balanced range.

More telling is the 34-day average on those active listings, against 52 days for homes that closed. The available inventory is substantially newer than what recently sold, which means homes are clearing rather than accumulating. There is no backlog of tired listings waiting for a price cut.

The Pending Column Reflects a Different Segment

Homes under contract average 1,906 square feet at $245,548, transacting at $128 per square foot — below the $145 recent closings achieved.

Before reading that as softening, note the composition. The pending homes are smaller and cheaper than both the active listings and the closed sales, and their per-foot rate reflects a different slice of the market rather than a decline across it.

The honest read is that the current pending pool skews toward the more affordable end of Massillon. Whether that persists is worth watching in next month's data, but a single quarter's mix shift is not evidence of falling prices.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Massillon's $255,500 average runs roughly 10% below the state median while offering more square footage than the typical Ohio home at that price.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,312 a month in principal and interest before taxes and insurance.

Massillon Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,816 square feet with better than two baths. Start with homes for sale in Massillon, Ohio.
Condos and low-maintenance living. A useful alternative in a market with a 1.05 supply ratio. Compare Massillon condos for sale.
New construction. A meaningful part of why the active pool averages 2,299 square feet, and where the larger inventory is concentrated. See new construction homes in Massillon.
Lots and land. Available in the surrounding townships and a genuine option given how quickly resale inventory turns. Browse Massillon lots and land.
Commercial property. The Lincoln Way corridor and downtown trade on fundamentals unrelated to the residential figures above. Review Massillon commercial real estate.
Multi-family and investment. Attainable entry prices and steady rental demand make this a working investor market. See Massillon multi-family and investment property.
Distressed and below-market. Scarce in a market closing above asking, which makes any that surface worth attention. Check Massillon foreclosures and distressed sales.

What This Means If You Are Buying

Shop on price per square foot, not sticker price. At $149 asked against $145 paid, Massillon inventory carries almost no negotiating cushion — but it also is not overpriced. The apparent gap is size, and size is something you can filter for.

Decide what square footage you actually need. If 1,800 square feet works, you are shopping a $255,000 market with 406 recent comparable sales behind it. If you want 2,300, you are shopping the more expensive end where the current listings are concentrated.

Move promptly either way. A 34-day active average and a 1.05 ratio mean well-priced homes are not sitting, and there is no accumulated inventory to wait on.

What This Means If You Are Selling

Price at $145 per square foot and let competition do the rest. For an 1,816-square-foot home that is roughly $263,000 — and the 101.5% sale-to-list ratio says correctly priced homes finish above their number here.

If your home is on the larger end, understand you are in the segment where the current inventory is concentrated and competition among sellers is highest. Presentation and accurate per-foot pricing matter more there than anywhere else in this market.

Plan on roughly seven weeks and prepare before launch. With active inventory averaging 34 days, a well-presented home stands out immediately.

How Massillon Compares Nearby

Buyers weighing Massillon routinely also look at Canton, North Canton, Canal Fulton, Navarre and Brewster. Compare the underlying data at the Canton, North Canton and Canal Fulton market reports.

Frequently Asked Questions

What is the average home price in Massillon, Ohio?

Recent closed sales averaged $255,500 on homes of roughly 1,816 square feet with 3.1 bedrooms. That is about 10% below Ohio’s statewide median sale price of $285,000.

Do homes in Massillon sell above asking price?

On average, yes. Recent closings averaged 101.5% of list price — roughly $3,844 above asking on the typical sale.

Why is the average asking price in Massillon so much higher than the average sale price?

Size. Active listings average 2,299 square feet against 1,816 for recent closings — about 27% more house. The homes currently on the market are considerably larger than those that have been selling, which lifts the asking average from $255,500 to $371,283.

Is Massillon a seller’s market?

Yes. There are 78 homes for sale against 74 under contract — a ratio of 1.05, well below the 1.5 to 2.0 range that describes balance. Active listings also average just 34 days on market, so inventory is not accumulating.

What is the price per square foot in Massillon, Ohio?

Recent closed sales averaged $145 per square foot. Homes under contract are at $128 on smaller homes, and active listings ask $149 on much larger ones. Per-foot rates fall as square footage rises, which explains most of that spread.

How much is the monthly payment on an average Massillon home?

At the August 2026 average sale price of $255,500, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,312 a month before taxes and insurance.

Get a Personalized Massillon Market Analysis

A citywide average cannot tell you what your home is worth — and in a market where the listed homes are 27% larger than the sold ones, the raw average is especially misleading in both directions.

Ready to make a move? Search all Massillon, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Massillon Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Massillon

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Aug. 26, 2026

Westlake Ohio Real Estate Market Report – August 2026

Westlake buyers under contract right now are paying $202 per square foot. Buyers who closed a few months ago paid $185. They are also buying bigger — 2,804 square feet against 2,494 — and spending about $116,000 more per transaction. Something is shifting upward in Westlake real estate, and the closed-sales figures have not caught up to it yet.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Westlake Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Westlake market area in Cuyahoga County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	28	25	127
Average List Price	$497,567	$574,488	$456,677
Average Sold Price	—	—	$458,052
Average Bedrooms	3.2	3.4	3.1
Average Bathrooms	3.0	3.1	2.8
Average Living Area	2,610 sq ft	2,804 sq ft	2,494 sq ft
Average Price per Sq Ft	$184	$202	$185
Average Days on Market	37	51	59

Source: Westlake Ohio Real Estate Market Report, live MLS data, August 2026.

The Pending Column Is Running 9% Hotter

Pending sales are the most current evidence any market report contains. They reflect agreements reached in the last few weeks, while closed sales describe decisions made months ago.

In Westlake the pending cohort is transacting at $202 per square foot against $185 for closed sales — about 9% higher. That is a meaningful gap, and it is not explained by size, because the pending homes are larger, and larger homes normally carry a lower rate per foot, not a higher one.

Bigger houses at a higher rate per square foot is an unusual combination. It points to genuine upward pressure at the top of this market rather than a shift in what is being counted.

Buyers Are Trading Up

The composition shift is clear across every row. Homes under contract average 2,804 square feet, 3.4 bedrooms and 3.1 baths. Recent closings averaged 2,494 square feet, 3.1 bedrooms and 2.8 baths.

In price terms that is $574,488 under contract against $458,052 closed — roughly $116,000 more per transaction.

Westlake has long been a destination for buyers moving up from the inner-ring western suburbs, and this quarter's pending data suggests that pipeline is active. If it holds, the next round of closed figures will print substantially above this one.

Inventory Is Not Accumulating

Active listings have been on the market an average of 37 days, against 59 for homes that closed and 51 for homes under contract.

The available inventory is newer than what recently sold, which means homes are clearing rather than piling up. With only 28 active listings against 25 pending — a ratio of 1.12, well below the balanced 1.5-to-2.0 range — selection is genuinely limited.

Sellers Get Full Price, Plus a Little

Recent closings averaged $458,052 against an average list price of $456,677 — a sale-to-list ratio of 100.3%, or about $1,375 above asking.

That is a modest premium rather than a bidding-war market, and it fits the rest of the picture: correctly priced Westlake homes sell promptly at full price. The competition here is expressing itself through the upward shift in what buyers are willing to buy, not through frantic overbidding on existing listings.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Westlake's $458,052 average runs roughly 61% above the state median — a premium supported by its schools, Crocker Park and its position on the western corridor.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $2,352 a month in principal and interest before taxes and insurance. At the $574,488 the pending cohort is carrying, the same calculation runs closer to $2,950 — a useful measure of how much this market has moved.

Westlake Market Breakdown by Property Type

Single-family homes. The core of the market — three-to-four-bedroom homes near 2,494 square feet with close to three baths. Start with homes for sale in Westlake, Ohio.
Condos and low-maintenance living. A significant segment here, including newer product around Crocker Park, and the most accessible entry point with only 28 listings citywide. Compare Westlake condos for sale.
New construction. Ongoing in pockets, and a likely contributor to the larger, more expensive pending cohort. See new construction homes in Westlake.
Lots and land. Increasingly scarce and priced accordingly. Browse Westlake lots and land.
Commercial property. Crocker Park and the Detroit Road corridor trade on fundamentals unrelated to the residential figures above. Review Westlake commercial real estate.
Multi-family and investment. Scarce at this price point, which is what makes the few available assets notable. See Westlake multi-family and investment property.
Distressed and below-market. Rare in a market closing above asking with fresh inventory. Check Westlake foreclosures and distressed sales.

What This Means If You Are Buying

Budget against the pending numbers, not the closed ones. Recent sales averaged $458,052, but buyers currently in contract are at $574,488 and paying $202 per square foot. If you build your expectations from the closed data you will be repeatedly outbid.

Move promptly. A 37-day active average and a 1.12 supply ratio mean the good listings are not waiting, and there is no accumulated inventory to fall back on.

Look hard at condos and attached product. With 28 detached-and-attached listings total, that segment is a genuinely practical route into Westlake rather than a consolation prize.

What This Means If You Are Selling

If your home is on the larger end, the data is strongly in your favor and your comparable sales are probably understating you. Buyers under contract are paying $202 per square foot; recent closings show $185. Price against the former.

For a 2,494-square-foot home, $185 per foot implies about $461,000 while $202 implies roughly $504,000. That is a $43,000 spread, and the pending evidence supports the upper figure for well-presented larger homes.

Verify against your own neighborhood before committing. The pending sample is 25 homes — a directional signal rather than a precise one — so use it to inform the conversation rather than to set the number by itself.

How Westlake Compares Nearby

Buyers weighing Westlake routinely also look at Bay Village, Rocky River, Avon, North Olmsted and Fairview Park. Compare the underlying data at the Rocky River, Avon and North Olmsted market reports.

Frequently Asked Questions

What is the average home price in Westlake, Ohio?

Recent closed sales averaged $458,052 on homes of roughly 2,494 square feet with 3.1 bedrooms. That is about 61% above Ohio’s statewide median sale price of $285,000.

Are buyers in Westlake trading up right now?

The data suggests so. Homes under contract average 2,804 square feet at $574,488, against 2,494 square feet at $458,052 for recent closings. Buyers currently in contract are securing homes about 12% larger and $116,000 more expensive than the recent sales average.

Do Westlake sellers get their asking price?

Essentially yes. Recent closings averaged 100.3% of list price, about $1,375 above asking. Correctly priced homes transact at full price with a modest premium.

How fast do homes sell in Westlake?

Recent closed sales averaged 59 days on market and homes under contract took 51. Listings still available have been on the market just 37 days, which indicates very little inventory is accumulating.

What is the price per square foot in Westlake, Ohio?

Recent closed sales averaged $185 per square foot. Homes currently under contract are paying $202 — about 9% more — while active listings ask $184 on smaller homes. The pending figure is the most current signal and it points upward.

How much is the monthly payment on an average Westlake home?

At the August 2026 average sale price of $458,052, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $2,352 a month before taxes and insurance.

Get a Personalized Westlake Market Analysis

In a market where the homes going under contract are 12% larger and $116,000 more expensive than the recent sales average, an automated valuation built on closed comparables is likely to lag reality considerably.

Ready to make a move? Search all Westlake, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Westlake Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Westlake

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Aug. 26, 2026

Stow Ohio Real Estate Market Report – August 2026

Twenty-three homes are for sale in Stow. Fifty are under contract. In a city of more than 34,000 people, there are fewer than half as many available houses as there are buyers already committed — and the ones that are listed have been on the market an average of 33 days. Stow is not a market you shop casually.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Stow Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Stow market area in Summit County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	23	50	174
Average List Price	$308,784	$329,563	$295,706
Average Sold Price	—	—	$301,382
Average Bedrooms	3.4	3.4	3.2
Average Bathrooms	2.3	2.6	2.4
Average Living Area	2,101 sq ft	2,193 sq ft	2,009 sq ft
Average Price per Sq Ft	$157	$152	$153
Average Days on Market	33	49	48

Source: Stow Ohio Real Estate Market Report, live MLS data, August 2026.

Fewer Than Half as Many Homes Available as Committed

The active-to-pending ratio here is 0.46. A balanced market runs between 1.5 and 2.0 available homes for every one going under contract. Stow has less than a third of the bottom of that range.

Put plainly: every single home currently listed in Stow could go under contract tomorrow, and there would still be roughly twice that many buyers already in the pipeline with nothing left to look at.

174 homes have closed over the reporting period, so demand is deep and consistent. The shortage is one of replacement — homes are leaving the market faster than new ones arrive.

The Listings That Exist Are Brand New

Active listings have been on the market an average of 33 days, against 48 days for homes that actually closed.

That inversion — available inventory newer than sold inventory — is the signature of a market with no accumulation. In most places the active pool is where unsold homes pile up, and its average age climbs well past what sold homes required. Gahanna's actives average 173 days; Marion's 132.

Stow's average 33. There is essentially no backlog, which means what you see listed at any moment is close to the current month's new supply and nothing else.

Sellers Are Finishing Nearly $5,700 Above Asking

Recent closings averaged $301,382 against an average list price of $295,706 — a sale-to-list ratio of 101.9%, or roughly $5,676 above asking.

That is among the highest premiums in Northeast Ohio, and it follows directly from the supply position. With 23 homes to choose from, buyers who find one that fits compete for it rather than negotiating on it.

Pricing Is Disciplined Despite the Competition

What is notable is how little that competition has distorted the per-foot rate. Closed sales went for $153 per square foot, homes under contract are at $152, and active listings ask $157.

Three percent across the entire pipeline. Even while paying above asking, Stow buyers are holding a consistent line on rate — which tells sellers something useful: the premium comes from competition on well-priced homes, not from buyers accepting inflated list prices.

Plan for the Appraisal Gap

At 101.9%, some contracts will land above what an appraiser supports. The lender finances against appraised value, not contract price, so the buyer covers the difference in cash or the deal renegotiates.

Decide with your lender before you write how many dollars of gap you can cover, and state it in the offer. In a market this tight, that clause is frequently what separates the accepted offer from the backup.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Stow's $301,382 average sits just above the state median, but its supply position is dramatically tighter than that statewide figure implies.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,548 a month in principal and interest before taxes and insurance.

Stow Market Breakdown by Property Type

Single-family homes. Effectively the whole market — three-to-four-bedroom homes near 2,009 square feet. Start with homes for sale in Stow, Ohio.
Condos and low-maintenance living. With only 23 total listings citywide, condos and villas are a genuinely important alternative. Compare Stow condos for sale.
New construction. One of the few sources of net new supply in a market this tight. See new construction homes in Stow.
Lots and land. Limited but present around the city's edges. Browse Stow lots and land.
Commercial property. The Kent Road and Graham Road corridors trade on fundamentals unrelated to the residential figures above. Review Stow commercial real estate.
Multi-family and investment. Limited local supply with steady demand from nearby Kent State and the Akron employment base. See Stow multi-family and investment property.
Distressed and below-market. Nearly absent in a market closing 101.9% of asking with no accumulated inventory. Check Stow foreclosures and distressed sales.

What This Means If You Are Buying

Be set up before you start. Alerts, underwritten financing and a decided appraisal-gap number are the entry requirements in a market with 23 listings and a 0.46 ratio — not competitive advantages.

Do not wait for reductions. With active inventory averaging 33 days, homes are not sitting long enough to get reduced. The mechanism simply is not operating here.

Use $152 to $153 per square foot as your value check — that is what buyers under contract and recent closings are actually paying. Anything near $157 is at the top of the current asking range, and worth a specific justification before you stretch past it.

What This Means If You Are Selling

Conditions are about as favorable as they get. Anchor near $153 per square foot — roughly $307,000 for a 2,009-square-foot home — and let the shortage generate the competition that carries it past asking.

Resist overpricing anyway. The 3% per-foot spread across all three columns shows Stow buyers stay disciplined on rate even when they are bidding. The premium comes from multiple offers on a correctly priced home, not from a high list price.

Expect a fast process and prepare accordingly. Homes are reaching contract in about seven weeks and the available inventory turns over in barely a month.

How Stow Compares Nearby

Buyers weighing Stow routinely also look at Cuyahoga Falls, Munroe Falls, Tallmadge, Hudson and Kent. Compare the underlying data at the Cuyahoga Falls, Hudson and Kent market reports.

Frequently Asked Questions

Why are there so few homes for sale in Stow, Ohio?

There are 23 homes actively for sale against 50 under contract — more than twice as many spoken for as available, a ratio of 0.46. Active listings also average just 33 days on market, so inventory is being absorbed almost as quickly as it appears.

What is the average home price in Stow, Ohio?

Recent closed sales averaged $301,382 on homes of roughly 2,009 square feet with 3.2 bedrooms. That is about 6% above Ohio’s statewide median sale price of $285,000.

Do homes in Stow sell above asking price?

Frequently. Recent closings averaged 101.9% of list price — roughly $5,676 above asking on the typical sale. In a market with 23 available homes, competing offers are common.

How fast do homes sell in Stow?

Recent closed sales averaged 48 days on market and homes under contract took 49. The striking figure is the 33-day average on listings still available, which reflects how little inventory accumulates.

What is the price per square foot in Stow, Ohio?

Recent closed sales averaged $153 per square foot, homes under contract are at $152, and active listings ask $157. That spread of roughly 3% across all three stages means Stow sellers are pricing accurately.

How much is the monthly payment on an average Stow home?

At the August 2026 average sale price of $301,382, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,548 a month before taxes and insurance. Budget an appraisal gap on top, since homes here regularly close above list.

Get a Personalized Stow Market Analysis

A citywide average cannot tell you what your home is worth, and in a market with only 23 active listings, comparable sales are the more reliable guide. Ready to make a move? Search all Stow, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Stow Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Stow

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Aug. 26, 2026

Brunswick Ohio Real Estate Market Report – August 2026

The homes currently for sale in Brunswick have been on the market an average of 34 days. That is the freshest active inventory of any market in this series — and it is not because listings are flooding in. There are only 35 of them, against 51 homes already under contract. In Brunswick, almost nothing sits long enough to become old inventory.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

Brunswick Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Brunswick market area in Medina County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	35	51	214
Average List Price	$398,326	$369,886	$345,172
Average Sold Price	—	—	$348,839
Average Bedrooms	3.3	3.5	3.3
Average Bathrooms	2.7	2.6	2.5
Average Living Area	2,347 sq ft	2,215 sq ft	2,196 sq ft
Average Price per Sq Ft	$175	$173	$168
Average Days on Market	34	56	51

Source: Brunswick Ohio Real Estate Market Report, live MLS data, August 2026.

Nothing Accumulates Here

In most markets, active listings have been sitting longer than sold homes took — the ones that were going to sell already did, and the slow movers pile up. Across this report series that pattern holds almost everywhere: Gahanna's actives average 173 days, Marion's 132, Dublin's 132.

Brunswick's actives average 34 days, against 51 for closed sales. The available inventory is newer than what recently sold.

Combined with a 0.69 active-to-pending ratio — 35 available against 51 under contract — the conclusion is straightforward. Homes are being listed and absorbed at nearly the same rate, so there is no backlog of leftover properties. What you see on the market at any given moment is essentially the current week's supply.

What That Means Practically

For a buyer, it changes how you search. In a market with a stale inventory pool, patience pays — you wait for sellers to reduce. Here there is no stale pool to wait on. If you looked at Brunswick a month ago and found nothing, the listings today are almost entirely different houses, and the ones you saw are gone.

Setting up alerts and viewing quickly matters far more than negotiating skill in this market.

For a seller it is straightforwardly good news: you are not competing against a pile of accumulated inventory that has already been rejected by every active buyer.

Sellers Are Finishing Above Asking

Recent closings averaged $348,839 against an average list price of $345,172 — a sale-to-list ratio of 101.1%, or roughly $3,667 above asking.

That is the predictable result of 0.69 supply. Well-priced homes draw competing offers, and the average transaction closes above the number the seller asked for.

Pricing Is Firming Gently

The per-foot progression runs upward across every stage: $168 for closed sales, $173 for homes under contract, $175 asked on active listings.

Those are modest steps — about 3% from closed to pending — but they run in a consistent direction rather than bouncing. Pending sales are the most current evidence available, and they sit above recent closings, which points to next quarter printing higher than this one.

The active listings asking $175 are only $2 above the pending rate, so this is not a market where sellers are reaching. The stretch between asking and transacting is about 4%, which is healthy.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Brunswick's $348,839 average runs roughly 22% above the state median — a Medina County community positioned between Cleveland and Akron with access to both.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,792 a month in principal and interest before taxes and insurance.

Brunswick Market Breakdown by Property Type

Single-family homes. Effectively the whole market — three-to-four-bedroom homes near 2,196 square feet. Start with homes for sale in Brunswick, Ohio.
Condos and low-maintenance living. With only 35 total listings citywide, condos and villas are a genuinely useful alternative. Compare Brunswick condos for sale.
New construction. An important source of supply in a market where resale inventory turns over this fast. See new construction homes in Brunswick.
Lots and land. Still available in Medina County, unlike the built-out Cuyahoga suburbs. Browse Brunswick lots and land.
Commercial property. The Pearl Road corridor trades on fundamentals unrelated to the residential figures above. Review Brunswick commercial real estate.
Multi-family and investment. Limited local supply with steady rental demand. See Brunswick multi-family and investment property.
Distressed and below-market. Nearly absent in a market closing above asking with no accumulated inventory. Check Brunswick foreclosures and distressed sales.

Featured Brunswick Neighborhoods

A citywide average of $168 per square foot spans neighborhoods with different housing stock, lot sizes and ages. Neighborhood data is where the number that applies to your home actually lives:

Alpine Hill · Amherst Commons · Arbors Bridgewater Crossing · Arlington Estates · Ashton Woods Estate · Belles Brunswick Park · Benjamin Farms · Beverly Hills · Boston Knolls · Boston Reserve · Bramblewood Farms · Bridgeport Estates · Brunswick Gardens · Brunswick Heights · Brunswick Hills Landings · Brunswick Park Estate · Chelsea Greens · Cherry Estates · Cherry Hill Estates · Colonial Park

What This Means If You Are Buying

Set up alerts and be ready to view within days. With a 34-day active average and only 35 listings, the useful inventory turns over continuously — the advantage goes to whoever sees a new listing first, not whoever negotiates hardest.

Do not wait for price reductions. The mechanism that produces them — listings accumulating unsold — is barely operating in Brunswick. Homes here either sell or were priced badly enough to be obvious.

Expect to pay at or slightly above asking, and use $173 per square foot as your benchmark. That is what buyers currently under contract are paying.

What This Means If You Are Selling

Conditions are favorable and the pricing decision is low-risk. Anchor near $168 to $173 per square foot — roughly $369,000 to $380,000 for a 2,196-square-foot home — and let the supply shortage generate competition.

You are not competing against a backlog. That is worth more than it sounds: in most markets a seller's real competition is thirty tired listings that buyers have already rejected. Here there are barely thirty listings in total.

Plan on roughly seven to eight weeks and prepare properly before launch. In a market where inventory is this fresh, a well-presented home stands out immediately rather than gradually.

How Brunswick Compares Nearby

Buyers weighing Brunswick routinely also look at Medina, Strongsville, North Royalton, Wadsworth and Hinckley. Compare the underlying data at the Medina, Strongsville and Wadsworth market reports.

Frequently Asked Questions

Is it hard to find a home for sale in Brunswick, Ohio?

Yes. There are 35 homes actively for sale against 51 under contract — a ratio of 0.69, meaning substantially more homes are spoken for than available. Active listings also average just 34 days on market, which tells you inventory is being absorbed almost as fast as it appears.

What is the average home price in Brunswick, Ohio?

Recent closed sales averaged $348,839 on homes of roughly 2,196 square feet with 3.3 bedrooms. That is about 22% above Ohio’s statewide median sale price of $285,000.

Do homes in Brunswick sell above asking price?

On average, yes. Recent closings averaged 101.1% of list price — roughly $3,667 above asking on the typical sale.

How fast do homes sell in Brunswick?

Recent closed sales averaged 51 days on market and homes under contract took 56. The more striking figure is the 34-day average on listings still available, which is unusually low and means very little inventory is accumulating.

Are Brunswick home prices rising?

The per-square-foot progression points that way. Recent closings averaged $168, homes under contract are at $173, and active listings ask $175. Each stage sits slightly above the last, which is consistent with firming rather than flat pricing.

How much is the monthly payment on an average Brunswick home?

At the August 2026 average sale price of $348,839, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,792 a month before taxes and insurance.

Get a Personalized Brunswick Market Analysis

A citywide average cannot tell you what your home is worth. Lot size, age, school assignment and condition all move the number, and in a market turning over this quickly, comparable sales go stale fast.

Ready to make a move? Search all Brunswick, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Brunswick Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Brunswick

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Aug. 26, 2026

Gahanna Ohio Real Estate Market Report – August 2026

Gahanna homes going under contract right now took 46 days. Gahanna homes still sitting on the market have been listed an average of 173 days. That is a gap of more than four months, and it means the available inventory and the selling inventory are almost entirely different sets of houses. If you judge Gahanna real estate by what is currently for sale, you will misread it badly.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — with a note on sample size.

Gahanna Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Gahanna market area in Franklin County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	22	20	45
Average List Price	$416,727	$392,184	$430,680
Average Sold Price	—	—	$435,930
Average Bedrooms	3.3	3.5	3.6
Average Bathrooms	2.7	2.9	2.9
Average Living Area	1,770 sq ft	1,990 sq ft	2,305 sq ft
Average Price per Sq Ft	$210	$201	$202
Average Days on Market	173	46	55

Source: Gahanna Ohio Real Estate Market Report, live MLS data, August 2026. Note: this market area reports smaller counts than most — 45 closed sales and 20 pending — so individual transactions carry more weight in these averages than they would in a larger market. Treat the figures as indicative.

Two Completely Different Sets of Houses

The 173-day active average against a 46-day pending average is the largest such gap in this report series, and it is not a subtle signal.

What it describes is a market where anything well-priced and well-presented clears in about six weeks, and everything that does not clear accumulates. After a full spring and summer of that process, the 22 homes currently listed are heavily weighted toward the ones that have already been passed over repeatedly.

The composition data supports it. Active listings average 1,770 square feet — 23% smaller than the 2,305 square feet of recent closings — while asking $210 per square foot against the $202 buyers actually paid. Smaller homes at a higher rate per foot is a hard sell in any market.

The Real Market Moves in Six Weeks

Homes under contract averaged 46 days to agreement, at $392,184 and 1,990 square feet. Homes that closed took 55 days at $435,930 and 2,305 square feet.

Both of those are healthy, normal numbers for a desirable Columbus suburb. The pending figure being nine days faster than the closed figure says the working market has, if anything, picked up slightly.

So the honest summary is not that Gahanna is slow. It is that Gahanna is quick for correctly priced homes and effectively frozen for the rest, with very little in between.

Sellers Who Price Right Finish Above Asking

Recent closings averaged $435,930 against an average list price of $430,680 — a sale-to-list ratio of 101.2%, or roughly $5,250 above asking.

Read alongside the 173-day active pool, that is a market delivering a very clear verdict: price at the market and buyers compete for your home; price above it and you join the listings that have been available since spring. There is not much middle ground.

Supply Is Genuinely Tight

Twenty-two active listings against 20 under contract gives a ratio of 1.10, well below the balanced 1.5-to-2.0 range.

But apply the same caution as above. If a meaningful share of those 22 listings are long-stale and mispriced, the effective selection for a buyer looking at realistically priced homes is thinner still. In a market this small, that can mean a genuine scarcity of viable options at any given moment.

Central Ohio Context and Mortgage Rates

The Columbus REALTORS® Central Ohio Housing Report for July 2026 put the regional median sales price at $350,000, up 2.3% year over year, on 3,083 closed sales, with 6,193 listings and a 2.4-month supply. Ohio REALTORS put the statewide median at $285,000. Gahanna's $435,930 average runs above both, supported by its school district and its position on the eastern side of the Columbus ring.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $2,239 a month in principal and interest before taxes and insurance.

Gahanna Market Breakdown by Property Type

Single-family homes. The core of the market — 3.6-bedroom homes near 2,305 square feet. Start with homes for sale in Gahanna, Ohio.
Condos and low-maintenance living. A meaningful share of the smaller current inventory, and a realistic entry into the school district. Compare Gahanna condos for sale.
New construction. Limited in a largely built-out city. See new construction homes in Gahanna.
Lots and land. Scarce, with occasional infill parcels near the creek corridor. Browse Gahanna lots and land.
Commercial property. Creekside and the Hamilton Road corridor trade on fundamentals unrelated to the residential figures above. Review Gahanna commercial real estate.
Multi-family and investment. Scarce locally, which is what makes the few available assets notable. See Gahanna multi-family and investment property.
Distressed and below-market. Rare in a market closing above asking, though the long-stale active listings are where motivated sellers emerge. Check Gahanna foreclosures and distressed sales.

Featured Gahanna Neighborhoods

A citywide average of $202 per square foot spans neighborhoods with very different housing stock and price levels. Neighborhood data is where the number that applies to your home actually lives:

Academy Ridge · Ambassador Commons · Amberlea Village · Berkley Pointe · Blendon Park · Brentwood Estates · Broadview Farms · Cherry Run · Cherrybottom Village · Chesterfield Estates · Clarman Heights · College Park · Creek Ridge · Creekside Green · Crossing At Mckenna Creek · Deer Run · Farm Creek · Founders Ridge · Gahanna Greens · Gahanna Grove

What This Means If You Are Buying

Sort every listing by days on market before anything else. In Gahanna that single filter separates the market into two groups with almost nothing in common, and it tells you immediately which conversation you are having.

On a fresh listing, move quickly and expect competition — 46 days to contract and 101.2% of asking. On a listing past 120 days, you are dealing with a seller who has watched an entire selling season pass, and the negotiating position is completely different.

Check square footage carefully. The active pool averages 23% smaller than what has been selling while asking more per foot, so compare price per square foot rather than sticker price when judging value.

What This Means If You Are Selling

Your pricing decision is close to binary here. The evidence says correctly priced Gahanna homes sell in about six weeks for slightly more than asking, and incorrectly priced ones sit for six months.

Anchor near $202 per square foot — roughly $466,000 for a 2,305-square-foot home — and resist the pull of the $210 the active listings are asking. Those are the homes that have not sold.

Get the launch right. In a market with this little middle ground, the first two weeks effectively determine which of the two groups your listing ends up in.

How Gahanna Compares Nearby

Buyers weighing Gahanna routinely also look at New Albany, Westerville, Reynoldsburg, Blacklick and Pickerington. Compare the underlying data at the New Albany, Westerville and Reynoldsburg market reports.

Frequently Asked Questions

Why have Gahanna listings been on the market so long?

Because the active pool is dominated by leftover inventory. Active listings average 173 days on market, while homes actually going under contract averaged just 46 days. The homes still available are largely the ones that did not sell earlier in the year, not a representative sample of the market.

What is the average home price in Gahanna, Ohio?

Recent closed sales averaged $435,930 on homes of roughly 2,305 square feet with 3.6 bedrooms. That is about 53% above Ohio’s statewide median and roughly 25% above the Central Ohio median of $350,000.

Do homes in Gahanna sell above asking price?

On average, yes. Recent closings averaged 101.2% of list price — roughly $5,250 above asking. The homes that are priced correctly draw competition; the ones that are not are the 173-day listings.

How fast do homes actually sell in Gahanna?

Homes currently under contract reached agreement in 46 days — about six weeks. That is the number to plan around, not the 173-day figure attached to the leftover active inventory.

Are the homes for sale in Gahanna smaller than the ones selling?

Yes, noticeably. Active listings average 1,770 square feet against 2,305 for recent closings — about 23% less house — while asking a higher rate per square foot ($210 against $202). Smaller and more expensive per foot is a difficult combination, and it helps explain the long market times.

How much is the monthly payment on an average Gahanna home?

At the August 2026 average sale price of $435,930, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $2,239 a month before taxes and insurance.

Get a Personalized Gahanna Market Analysis

In a market where the listed homes and the sold homes differ this much — and where the sample is relatively small — a citywide average is a weak guide to any individual property. Ready to make a move? Search all Gahanna, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: Gahanna Ohio Real Estate Market Report (live MLS data, August 2026); Columbus REALTORS® Central Ohio Housing Report, July 2026; Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Gahanna

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Aug. 26, 2026

Marion Ohio Real Estate Market Report – August 2026

Most Ohio markets are speeding up this summer. Marion is doing the opposite. Homes that closed recently took 81 days to sell; homes currently under contract took 134. That is nearly two additional months to find a buyer — and it happened while prices held firm rather than falling. Marion real estate is asking sellers for patience it was not asking six months ago.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and what a longer timeline means on both sides.

Marion Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Marion market area in Marion County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	124	78	322
Average List Price	$258,157	$208,203	$205,231
Average Sold Price	—	—	$201,769
Average Bedrooms	3.1	3.1	3.1
Average Bathrooms	1.9	1.6	1.9
Average Living Area	1,664 sq ft	1,514 sq ft	1,626 sq ft
Average Price per Sq Ft	$138	$139	$131
Average Days on Market	132	134	81

Source: Marion Ohio Real Estate Market Report, live MLS data, August 2026.

The Timeline Has Stretched by Nearly Two Months

This is the finding that matters most, and it runs against the regional trend.

Homes that already closed averaged 81 days on market. Homes currently under contract averaged 134. Listings still available have been sitting 132.

Pending sales describe the present; closed sales describe the recent past. A 53-day gap in that direction means the market got materially harder over the spring and summer. Elsewhere in Ohio — Elyria, Cleveland Heights, Strongsville, Akron — that same comparison shows the opposite, with pendings clearing 15 to 22 days faster than closings.

The active and pending figures being nearly identical, at 132 and 134, is itself telling. It says the homes still on the market are not unusual laggards; they are simply at the same point in a process that now takes four months.

But Prices Have Not Softened

Here is what makes Marion interesting rather than alarming. Slower markets usually mean falling prices. This one does not.

Recent closings went for $131 per square foot. Homes under contract are at $139 — about 6% higher. Buyers are taking considerably longer to commit, but they are paying more per foot when they do.

That combination points to a thinner but not weaker buyer pool. Fewer people are shopping Marion at any given moment, so a home needs longer exposure to find its buyer. The buyer who eventually appears is not looking for a discount.

Negotiating Room Is Real

Recent closings averaged $201,769 against an average list price of $205,231 — a sale-to-list ratio of 98.3%, or roughly $3,462 off asking.

That is genuine negotiating room by Ohio standards this cycle, and in a market where the average listing has been available four months, sellers have every reason to engage with a reasonable offer.

Selection Is Adequate

124 active listings against 78 under contract gives a ratio of 1.59 — inside the balanced 1.5-to-2.0 range. Buyers have reasonable choice without the market being flooded.

The active pool asks $258,157 on average against $201,769 in closings, but active listings are only modestly larger at 1,664 square feet versus 1,626. Per square foot the gap is $138 asked against $131 paid — about a 5% premium, which is where the negotiating room lives.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. Marion's $201,769 average runs roughly 29% below the state median — a county seat with its own employment base rather than a commuter suburb, which is part of why its cycle runs on a different rhythm from the Columbus ring.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,036 a month in principal and interest before taxes and insurance.

Marion Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,626 square feet. Start with homes for sale in Marion, Ohio.
Condos and low-maintenance living. A small segment locally, worth comparing against detached inventory at this price point. Compare Marion condos for sale.
New construction. Limited, and priced well above the citywide resale rate. See new construction homes in Marion.
Lots and land. Widely available in and around the county, including acreage parcels. Browse Marion lots and land.
Commercial property. The downtown and the Marion-Mount Gilead Road corridor trade on fundamentals unrelated to the residential figures above. Review Marion commercial real estate.
Multi-family and investment. Low entry prices and steady rental demand from the local employment base. See Marion multi-family and investment property.
Distressed and below-market. Present in meaningful numbers, and worth watching in a market where listings sit four months. Check Marion foreclosures and distressed sales.

Featured Marion Neighborhoods

A citywide average of $131 per square foot spans neighborhoods with very different housing stock and price levels. Neighborhood data is where the number that applies to your home actually lives:

Albany Woods · Chateau Ridge · Colonial Acres · Crystal Lakes · Eagle Creek · East View · Elm Heights · Fair Park · Grandview Estates · Hampton Woods · Hunters Chase · Kingwood Acres · Lusch Addition · Marion City · Marion Meadows · Oakland Heights · Oakland Hts · Peters Park · Pheasant Run Condos · Pleasant Acres

What This Means If You Are Buying

You have time, and the data says to use it. With 124 listings averaging 132 days on market, there is no evidence that hesitating a few weeks will cost you a house.

Negotiate. The average concession is about $3,462, and on a listing that has been available four or five months it should be considerably more. Ask how long a home has been listed before you decide what to offer.

One counterweight worth respecting: the pending cohort is paying $139 per square foot against the $131 that recently closed. Do not assume a slow market means a cheap one. Prices here have held, and an offer far below the per-foot benchmark is likely to be declined rather than countered.

What This Means If You Are Selling

Plan for four months, not three. This is the single most important adjustment to make, because it changes everything downstream — your carrying costs, your move-out timing, and how you react when week six arrives without an offer.

Price correctly at launch. In a market where exposure time is the binding constraint, starting high and correcting later costs you months rather than weeks. Anchor near $131 to $139 per square foot, which puts a 1,626-square-foot home between $213,000 and $226,000.

The encouraging half: prices are not falling. If you can be patient with the timeline, the evidence says you will not have to be patient with the price.

How Marion Compares Nearby

Buyers weighing Marion routinely also look at Delaware, Mount Gilead, Cardington and Galena. Compare the underlying data at the Delaware, Mount Gilead and Columbus market reports.

Frequently Asked Questions

Is the Marion, Ohio housing market slowing down?

On timing, yes. Homes currently under contract took 134 days to reach agreement, against 81 days for homes that already closed. That is a 53-day deterioration and one of the clearest slowdowns in Ohio right now. Pricing, however, has held firm.

What is the average home price in Marion, Ohio?

Recent closed sales averaged $201,769 on homes of roughly 1,626 square feet with 3.1 bedrooms. That is about 29% below Ohio’s statewide median sale price of $285,000.

How much can you negotiate off asking price in Marion?

Recent closings averaged 98.3% of list price — an average concession of about $3,462. That is meaningful negotiating room, and listings that have sat past the 132-day active average are where it grows.

Are Marion home prices falling?

No. Despite the slower pace, price per square foot has firmed: recent closings averaged $131 while homes under contract are at $139. Buyers are taking longer to commit, but they are not paying less when they do.

How long should I expect my Marion home to take to sell?

Plan on four months rather than three. The homes currently under contract averaged 134 days, and active listings have been on the market an average of 132 days. The 81-day figure from recent closings describes an easier market than the one operating now.

How much is the monthly payment on an average Marion home?

At the August 2026 average sale price of $201,769, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,036 a month before taxes and insurance.

Get a Personalized Marion Market Analysis

A citywide average cannot tell you what your home is worth, and in a market where the timeline has shifted this much, last spring's comparable sales are a poor guide to this fall's outcome. Ready to make a move? Search all Marion, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Marion Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Marion

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Aug. 26, 2026

Upper Arlington Ohio Real Estate Market Report – August 2026

The Upper Arlington homes that just went under contract took 24 days to get there. The ones that closed a few months ago took 78. That is not a market easing into fall — it is a market that has roughly tripled its pace, in one of Central Ohio’s most expensive suburbs and its priciest by cost per square foot. Sellers here are finishing about $14,771 above asking, among the largest dollar premiums in any market in this series.

Below is the full August 2026 picture for Upper Arlington real estate — active inventory, homes under contract, closed sales, price per square foot and days on market — with one important caveat about sample size.

Upper Arlington Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Upper Arlington market area in Franklin County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	27	12	98
Average List Price	$1,095,785	$741,725	$828,009
Average Sold Price	—	—	$842,780
Average Bedrooms	3.4	3.2	3.5
Average Bathrooms	3.4	2.8	3.1
Average Living Area	3,115 sq ft	2,372 sq ft	2,701 sq ft
Average Price per Sq Ft	$313	$305	$296
Average Days on Market	54	24	78

Source: Upper Arlington Ohio Real Estate Market Report, live MLS data, August 2026.

An Honest Caveat First

Only 12 homes are currently under contract in Upper Arlington. That is a small sample, and small samples move on very little.

So the 24-day pending figure should be read as a strong directional signal rather than a precise measurement. If two of those twelve happened to be homes that sold in a week, the average shifts materially. The direction is well supported by the other columns; the exact magnitude is not.

The 98 closed sales are a much firmer basis, and the 27 active listings are simply a count. Weight the conclusions accordingly.

Sellers Are Collecting Nearly $15,000 Over Asking

Recent closings averaged $842,780 against an average list price of $828,009 — a sale-to-list ratio of 101.8%, or roughly $14,771 above asking.

In percentage terms that is comparable to Cuyahoga Falls at 102.1%. In dollars it is an entirely different scale: $14,771 versus $4,937. At this price point, a 2% premium is real money, and it is what a buyer needs to be prepared to bring.

Combined with a rising per-foot progression — $296 sold, $305 under contract, $313 asked — the evidence points to a market that is firming rather than cooling.

The Top of the Market Is Where Time Accumulates

The active listings tell a different story from the pendings. They average $1,095,785 and 3,115 square feet, against $741,725 and 2,372 square feet for homes under contract.

In other words, the available inventory is substantially larger and roughly $354,000 more expensive than what buyers are actually contracting for. Those listings have been on the market 54 days; the ones going under contract took 24.

This is the same pattern visible in Dublin and New Albany, and it is characteristic of premium suburbs: a fast, competitive core market with a slower luxury tier sitting on top of it. The citywide averages blend the two and describe neither.

Selection Exists, but Not Where Most Buyers Are Looking

With 27 active listings against 12 pending, the ratio is 2.25 — above the balanced range and, on paper, favorable to buyers.

That number needs the same qualification as everything else here. The selection is concentrated in the upper tier. A buyer shopping near the $740,000 level where homes are actually going under contract faces far thinner choice than 2.25 implies, and far more competition.

Central Ohio Context and Mortgage Rates

The Columbus REALTORS® Central Ohio Housing Report for July 2026 put the regional median sales price at $350,000, up 2.3% year over year, on 3,083 closed sales, with 6,193 listings and a 2.4-month supply. Ohio REALTORS put the statewide median at $285,000. Upper Arlington's $842,780 average runs well above both — the premium its schools, its mature streetscapes and its proximity to downtown and the university have long commanded.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $4,328 a month in principal and interest before taxes and insurance. Property taxes here are a substantial addition and should be modeled explicitly rather than estimated.

Upper Arlington Market Breakdown by Property Type

Single-family homes. Effectively the entire market — 3.5-bedroom homes near 2,701 square feet, much of it architecturally distinctive. Start with homes for sale in Upper Arlington, Ohio.
Condos and low-maintenance living. The most accessible entry into the school district, and worth serious attention given how thin the core single-family selection is. Compare Upper Arlington condos for sale.
New construction. Largely teardown-and-rebuild in a fully built-out city, and a significant part of why the active average exceeds $1 million. See new construction homes in Upper Arlington.
Lots and land. Essentially nonexistent except as redevelopment sites. Browse Upper Arlington lots and land.
Commercial property. The Lane Avenue and Kingsdale districts trade on fundamentals unrelated to the residential figures above. Review Upper Arlington commercial real estate.
Multi-family and investment. Scarce at this price point, which is exactly what makes the few available assets notable. See Upper Arlington multi-family and investment property.
Distressed and below-market. Rare here, though long-sitting upper-tier listings are where motivated sellers emerge. Check Upper Arlington foreclosures and distressed sales.

Featured Upper Arlington Neighborhoods

A citywide average of $296 per square foot spans neighborhoods built decades apart — the older streets near the river trade on entirely different terms than the postwar sections to the north. Neighborhood data is where the number that applies to your home actually lives:

Arlington Commons · Arlington Crossing · Brandon Heights · Branford Village · Carriage Hill · Chaucer Court · Chaucer Greens · College Hill · Concord Village · Coventry Estates · Dunbar Terrace · Fishinger Park · Guilford Place · Hastings Place · Kenbrook Heights · Kipling Forest · Knolls Arlington · Lakin Woods · Lane Acres · Manchester Place

What This Means If You Are Buying

Decide which tier you are in before you plan your approach. Near $740,000 to $840,000, treat this as highly competitive: homes are reaching contract in weeks and closing nearly $15,000 above asking. Have financing fully underwritten and know your appraisal-gap number before you tour.

Above roughly $1 million, the position reverses. Those listings average 54 days and sit about $354,000 above where buyers are actually transacting. Divide asking by square footage and compare it to $305 — the pending figure — rather than to the other asking prices.

Do not use the $1,095,785 active average as your model of Upper Arlington. The market is transacting closer to $843,000, and the homes going under contract are smaller and cheaper than that.

What This Means If You Are Selling

If your home fits the core market, conditions are strongly in your favor. Anchor near $296 to $305 per square foot — roughly $800,000 to $824,000 for a 2,701-square-foot home — and expect competing offers to carry it past asking.

If you are positioning above $1 million, price against the pending evidence rather than against the other listings at your level. Those sellers are averaging 54 days and their asking prices are not what buyers are paying.

Presentation matters disproportionately at this price point. The homes reaching contract in under a month are the ones that were genuinely ready on day one.

How Upper Arlington Compares Nearby

Buyers weighing Upper Arlington routinely also look at Dublin, Worthington, Bexley, Grandview Heights and Hilliard. Compare the underlying data at the Dublin, Bexley and Hilliard market reports.

Frequently Asked Questions

What is the average home price in Upper Arlington, Ohio?

Recent closed sales averaged $842,780 on homes of roughly 2,701 square feet with 3.5 bedrooms. That is nearly three times Ohio’s statewide median of $285,000 and roughly 2.4 times the Central Ohio median of $350,000.

Do homes in Upper Arlington sell above asking price?

Yes, and by a substantial margin in dollar terms. Recent closings averaged 101.8% of list price, which works out to roughly $14,771 above asking on the typical sale — one of the largest above-asking premiums in dollars of any market we track.

How fast are homes selling in Upper Arlington right now?

Homes currently under contract reached agreement in just 24 days, against 78 days for homes that already closed. That is the sharpest acceleration in Central Ohio. One caveat: only 12 homes are currently under contract, so that figure rests on a small sample and should be treated as directional.

Is Upper Arlington a buyer’s or seller’s market?

Mixed, and it depends on price point. Selection is relatively good at 2.25 available homes per pending sale, but homes that buyers actually want are moving in under a month and closing above asking. The long-sitting inventory is concentrated at the top of the market.

What is the price per square foot in Upper Arlington, Ohio?

Recent closed sales averaged $296 per square foot. Homes under contract are at $305 and active listings ask $313 — a rising progression that suggests pricing is firming.

How much is the monthly payment on an average Upper Arlington home?

At the August 2026 average sale price of $842,780, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $4,328 a month before taxes and insurance. Upper Arlington property taxes are substantial and should be modeled separately.

Get a Personalized Upper Arlington Market Analysis

In a market this stratified — and with only 12 homes currently under contract — a citywide average is a weak guide to any individual property. A 1920s home near the river, a postwar ranch in the north end and a new build on a teardown lot are three separate markets sharing one school district.

Ready to make a move? Search all Upper Arlington, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific street.

Sources: Upper Arlington Ohio Real Estate Market Report (live MLS data, August 2026); Columbus REALTORS® Central Ohio Housing Report, July 2026; Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Upper Arlington

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Aug. 26, 2026

North Ridgeville Ohio Real Estate Market Report – August 2026

There are 40 homes for sale in North Ridgeville. There are 71 under contract. Nearly twice as many homes are already spoken for as are available to buy — one of the most severe supply shortages of any market we track in Ohio. If you are shopping North Ridgeville real estate this fall, that single ratio explains why it feels the way it does.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market.

North Ridgeville Ohio Market Snapshot – August 2026

Figures come from live MLS data for the North Ridgeville market area in Lorain County. Listing counts are the full totals; the averages are drawn from the most recent listings in each category.

Market Metric	Active	Under Contract	Sold
Number of Properties	40	71	233
Average List Price	$363,170	$421,759	$366,634
Average Sold Price	—	—	$371,267
Average Bedrooms	3.2	3.4	3.3
Average Bathrooms	2.5	2.9	2.6
Average Living Area	2,172 sq ft	2,497 sq ft	2,186 sq ft
Average Price per Sq Ft	$172	$168	$170
Average Days on Market	70	52	63

Source: North Ridgeville Ohio Real Estate Market Report, live MLS data, August 2026.

0.56 Homes Available per Home Under Contract

A balanced market carries 1.5 to 2.0 available homes for every one going under contract. North Ridgeville is at 0.56 — roughly a third of the low end of that range, and among the tightest figures in this entire report series.

The practical meaning is stark. Every home currently for sale could go under contract tomorrow and there would still be a substantial pool of buyers with nothing to look at. There is no reserve inventory, no accumulation of leftover listings, and no meaningful fallback if you lose out on a house.

233 homes have closed in this market area over the reporting period, so this is not a small or illiquid market. Supply simply is not keeping up.

Buyers Are Securing Larger Homes Than the Sold Data Shows

Here is the detail that says the most about where this market is heading. Homes under contract average 2,497 square feet and 3.4 bedrooms with 2.9 baths. Homes that recently closed averaged 2,186 square feet, 3.3 bedrooms, 2.6 baths.

The pending cohort is roughly 14% larger. Their average list price is $421,759 against $366,634 for the closed cohort — about $55,000 higher.

North Ridgeville has been among the faster-growing communities in Northeast Ohio, and new construction is the likeliest explanation for the shift. Whatever the cause, the composition of what is selling is moving upward, which means the next round of closed figures should print above this one.

Pricing Is Flat and Tight

Against all of that, the per-square-foot numbers are remarkably steady: $172 asked on active listings, $168 for homes under contract, $170 for recent closings.

That is a spread of roughly 2% across the entire pipeline. Sellers are not testing the ceiling and buyers are not extracting discounts — the rate is simply the rate. The competition here is expressing itself through speed and above-asking offers rather than through a climbing per-foot price.

Sellers Are Finishing Above Asking

Recent closings averaged $371,267 against an average list price of $366,634 — a sale-to-list ratio of 101.3%, or roughly $4,633 above asking.

That is the predictable consequence of a 0.56 ratio. With so little available, well-priced homes draw multiple offers, and the average sale finishes above the number the seller asked for.

Homes under contract also reached agreement in 52 days against 63 for closed sales — eleven days faster, and further evidence that conditions have tightened rather than eased over the summer.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply. North Ridgeville's $371,267 average runs roughly 30% above the state median, and its supply position is far tighter than the statewide 3.72 months implies.

On financing, Freddie Mac’s Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed at 6.65%, down from 6.67% the prior week and the second consecutive weekly decline. The 15-year averaged 5.95%. At 6.65% with 20% down, the average sale price works out to roughly $1,907 a month in principal and interest before taxes and insurance — and in a market closing above asking, build a possible appraisal gap into that math up front.

North Ridgeville Market Breakdown by Property Type

Single-family homes. Effectively the whole market — three-to-four-bedroom homes near 2,186 square feet. Start with homes for sale in North Ridgeville, Ohio.
Condos and low-maintenance living. With only 40 total listings citywide, condos and villas are a genuinely important alternative here. Compare North Ridgeville condos for sale.
New construction. The most important segment in this market and the likeliest driver of the larger pending averages. If you cannot find resale inventory, this is where to look. See new construction homes in North Ridgeville.
Lots and land. Still genuinely available here, unlike the built-out inner-ring suburbs, and central to the city's growth. Browse North Ridgeville lots and land.
Commercial property. The Center Ridge Road corridor trades on fundamentals unrelated to the residential figures above. Review North Ridgeville commercial real estate.
Multi-family and investment. Scarce in a market dominated by owner-occupied single-family product. See North Ridgeville multi-family and investment property.
Distressed and below-market. Nearly absent in a market this tight, which makes any that surface worth immediate attention. Check North Ridgeville foreclosures and distressed sales.

What This Means If You Are Buying

Treat every suitable listing as urgent. With 40 homes available and 71 buyers already in contract, the arithmetic does not allow for a leisurely search. Fully underwritten financing and same-day showings are the baseline, not an advantage.

Expect to pay above list and plan for the appraisal gap. The average closing lands $4,633 over asking, so an offer at list price is already below average.

Give new construction a serious look. It is the one part of this market where supply is actually being added, and the pending data suggests that is where a meaningful share of buyers are ending up.

What This Means If You Are Selling

This is close to the ideal moment. Anchor near $170 per square foot — roughly $372,000 for a 2,186-square-foot home — and let a 0.56-ratio market do the rest. The 101.3% sale-to-list result comes from correct pricing generating competition, not from an aggressive list price.

Resist the urge to overreach anyway. The per-foot spread across all three columns is only 2%, which tells you buyers here are disciplined about rate even when they are competing hard. The homes sitting past the 70-day active average are the ones that tested it.

Prepare and launch properly. With a 52-day pending pace, the first week carries most of your leverage.

How North Ridgeville Compares Nearby

Buyers weighing North Ridgeville routinely also look at Avon, Avon Lake, Elyria, Westlake and Olmsted Falls. Compare the underlying data at the Avon, Elyria and Westlake market reports.

Frequently Asked Questions

Why are there so few homes for sale in North Ridgeville?

There are 40 homes actively for sale against 71 already under contract — a ratio of 0.56, meaning nearly twice as many homes are spoken for as are available. North Ridgeville is one of Ohio’s faster-growing suburbs, and demand is currently absorbing inventory faster than it is being replaced.

What is the average home price in North Ridgeville, Ohio?

Recent closed sales averaged $371,267 on homes of roughly 2,186 square feet with 3.3 bedrooms. That is about 30% above Ohio’s statewide median sale price of $285,000.

Do homes in North Ridgeville sell above asking price?

On average, yes. Recent closings averaged 101.3% of list price — roughly $4,633 above asking on the typical sale.

How fast do homes sell in North Ridgeville?

Homes currently under contract reached agreement in 52 days, against 63 days for homes that already closed. Listings still available have been on the market an average of 70 days.

Are buyers getting larger homes in North Ridgeville right now?

Yes. Homes under contract average 2,497 square feet and 3.4 bedrooms, notably larger than both the active listings (2,172 sq ft) and recent closings (2,186 sq ft). Buyers are securing bigger houses than the closed data reflects.

How much is the monthly payment on an average North Ridgeville home?

At the August 2026 average sale price of $371,267, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,907 a month before taxes and insurance. Budget for a possible appraisal gap, since homes here regularly close above list.

Get a Personalized North Ridgeville Market Analysis

A citywide average cannot tell you what your home is worth — and in a market where the homes going under contract are 14% larger than the ones that recently closed, an automated valuation is likely to lag reality. Ready to make a move? Search all North Ridgeville, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: North Ridgeville Ohio Real Estate Market Report (live MLS data, August 2026); Ohio REALTORS statewide housing report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Listing counts reflect full market totals; averages are drawn from the most recent listings in each category. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-North Ridgeville

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The Listings That Exist Are Brand New

Sellers Are Finishing Nearly $5,700 Above Asking

Pricing Is Disciplined Despite the Competition