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. 24, 2026

Youngstown Ohio Real Estate Market Report – August 2026

The average Youngstown home sold for $153,456 this cycle. With 20% down at today's rates, that is about $788 a month in principal and interest — less than half what the same calculation produces in most of Ohio. And unlike almost every other market in the state, buyers here are still negotiating real discounts off asking. Youngstown real estate is where affordability and leverage still overlap.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and an honest read on what the numbers do and do not tell you.

Youngstown Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Youngstown market area in Mahoning 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	183	110	427
Average List Price	$157,378	$144,634	$156,423
Average Sold Price	—	—	$153,456
Average Bedrooms	3.2	3.3	3.1
Average Bathrooms	1.8	1.9	1.9
Average Living Area	1,736 sq ft	1,708 sq ft	1,646 sq ft
Average Price per Sq Ft	$102	$93	$98
Average Days on Market	84	82	80

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

The Most Attainable Market in Ohio

At $153,456 average, Youngstown sits roughly 46% below Ohio's statewide median of $285,000. Nothing else among the state's larger markets is close.

What that buys is a three-bedroom home of about 1,646 square feet. The monthly principal and interest at 6.65% with 20% down comes to roughly $788 — a figure that changes what is possible for buyers who have been priced out elsewhere.

One honest caveat on that number: at this price point, property taxes and insurance frequently rival or exceed the loan payment. The $788 is the mortgage, not the cost of ownership. Get a full escrow estimate before you build a budget around it.

Buyers Are Getting Genuine Discounts

Recent Youngstown closings averaged $153,456 against an average list price of $156,423 — a sale-to-list ratio of 98.1%, or roughly $2,967 off asking.

Set that against the rest of Northeast Ohio and the contrast is stark. Canton sellers are finishing 101.2% of asking; Parma sellers 101.6%; Akron sellers 99.9%. Youngstown is one of the few markets in the region where an offer below list is not just accepted but expected.

That is roughly 2% of the purchase price — on a $153,000 home, close to three thousand dollars that stays in the buyer's pocket.

The Pending Column Is Running Soft

Homes under contract are transacting at $93 per square foot. Homes that already closed went for $98. Active listings ask $102.

The pending figure sitting 5% below the closed figure is the most recent evidence available, and it points down rather than up. Combined with an 84-day average on active listings and a 1.66 active-to-pending ratio, the picture is a market where buyers hold the initiative and sellers are meeting them.

For a buyer, that argues for patience and for making offers. For a seller, it argues against waiting for a better number to arrive on its own.

Everything Here Takes About Eighty Days

Active listings average 84 days, homes under contract 82, and closed sales 80. All three columns sit within four days of each other.

That consistency matters. In a deteriorating market, active inventory piles up far beyond what sold homes required — you would see actives at 140 days against sold at 80. Youngstown shows nothing of the kind. The market is slow, but it is steadily slow, which is a different and much healthier condition.

Plan on roughly three months from listing to contract and the timeline will not surprise you.

Ohio Context and Mortgage Rates

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%. Rate movements matter less here in absolute dollars than almost anywhere in Ohio — a quarter-point change moves the payment by roughly $18 a month at this price level.

Youngstown Market Breakdown by Property Type

Single-family homes. The bulk of the market — three-bedroom homes near 1,646 square feet, much of it early-twentieth-century stock. Start with homes for sale in Youngstown, Ohio.
Condos and low-maintenance living. A small segment locally, concentrated near the university and downtown. Compare Youngstown condos for sale.
New construction. Limited within the city and priced well above the citywide resale rate. See new construction homes in Youngstown.
Lots and land. Widely available, and central to the city's ongoing redevelopment. Browse Youngstown lots and land.
Commercial property. Downtown and the university corridor trade on fundamentals unrelated to the residential figures above. Review Youngstown commercial real estate.
Multi-family and investment. One of the most active small-multi markets in Ohio, with doubles throughout the older neighborhoods. See Youngstown multi-family and investment property.
Distressed and below-market. Widely available here, and the segment where the biggest opportunities and the biggest risks both live. Check Youngstown foreclosures and distressed sales.

What This Means If You Are Buying

Negotiate, and do it with confidence. The average transaction closes about $2,967 under asking, and listings past the 84-day average are where that figure gets considerably larger.

Inspect thoroughly. At this price point, condition is the single largest variable in what you actually own, and the discount the market applies is frequently pricing in work that someone will have to do. A cheap price per foot and a good value are not the same thing.

And verify at the street level. Youngstown's citywide averages span neighborhoods with very different trajectories — more so than in most markets. Pull comparable sales from within a few blocks, not from the city as a whole.

What This Means If You Are Selling

Price realistically from day one. With the pending cohort transacting below the closed cohort, waiting for the market to come to you is a losing strategy right now. Anchor near $98 per square foot — roughly $161,000 for a 1,646-square-foot home — and adjust down if your condition warrants it.

Budget for a concession of around $3,000 and a timeline near three months. Both are normal here and neither indicates you have done anything wrong.

Condition is your strongest lever. In a market where buyers are pricing in repairs, a home that genuinely does not need them stands out sharply from the 183 listings it is competing against.

How Youngstown Compares Nearby

Buyers weighing Youngstown routinely also look at Boardman, Austintown, Struthers, Campbell and Canfield. Compare the underlying data at the Austintown, Struthers and Warren market reports.

Frequently Asked Questions

What is the average home price in Youngstown, Ohio?

Recent closed sales in Youngstown averaged $153,456 on homes of roughly 1,646 square feet with 3.1 bedrooms. That is about 46% below Ohio’s statewide median sale price of $285,000 — the most affordable major market in the state.

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

At the August 2026 average sale price of $153,456, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $788 a month before taxes and insurance. At this price point taxes and insurance often exceed the loan payment itself, so budget the full figure.

Do Youngstown homes sell below asking price?

Yes. Recent closings averaged 98.1% of list price — an average concession of about $2,967. That is among the largest percentage discounts in Ohio, and it means an offer below asking is a normal opening move here.

Is Youngstown a buyer’s market?

It leans that way. There are 183 homes for sale against 110 under contract, a ratio of 1.66, and homes are taking about 80 days to sell. Combined with sub-99% sale-to-list pricing, buyers have both selection and negotiating room.

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

Recent closed sales averaged $98 per square foot. Active listings ask $102, and homes currently under contract are at $93 — below the closing rate, which suggests the most recent round of negotiations landed softer than the previous one.

Is Youngstown a good market for investors?

The entry prices and rental demand make it one of the more active small-multi markets in Ohio. The same caution applies as anywhere at this price point: condition varies enormously street by street, and the citywide average tells you very little about a specific property.

Get a Personalized Youngstown Market Analysis

In a market this varied by street, a citywide average is more likely to mislead you than help. A renovated home on the north side, a double near the university and a property needing work are three separate markets — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Youngstown 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-Youngstown

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Aug. 24, 2026

Lorain Ohio Real Estate Market Report – August 2026

The Lorain homes that just went under contract took 59 days to get there. The ones that closed a few months ago took 71. That twelve-day improvement is the clearest signal in this month's data: the Lorain market is moving faster than it was, and it is doing so without any meaningful change in price.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — plus what it means whether you are buying or selling on Ohio's north coast.

Lorain Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Lorain 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	93	66	262
Average List Price	$177,498	$188,665	$203,167
Average Sold Price	—	—	$201,836
Average Bedrooms	3.2	3.0	3.2
Average Bathrooms	1.8	1.8	1.9
Average Living Area	1,602 sq ft	1,750 sq ft	1,829 sq ft
Average Price per Sq Ft	$116	$114	$117
Average Days on Market	65	59	71

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

The Market Is Getting Faster

Pending sales describe the present; closed sales describe the recent past. In Lorain the two are twelve days apart, and the present is winning.

Homes under contract reached agreement in 59 days. Homes that closed took 71. Active listings have been sitting 65 — between the two, which is what you expect in a market where inventory is turning over rather than accumulating.

A twelve-day improvement on a 71-day baseline is roughly 17% faster. That is a real change in absorption, not a rounding artifact, and it happened over a summer when much of Central Ohio was slowing down.

Pricing Is Flat and Accurate

Here is what makes the acceleration more interesting: it is not being driven by discounting.

Active listings ask $116 per square foot. Homes under contract are at $114. Homes that closed went for $117. That is a spread of about 3% across all three stages — one of the tightest in the region, and a sign that Lorain sellers are pricing close to what the market actually pays.

Recent closings averaged 99.3% of asking, a concession of roughly $1,331. Modest negotiating room exists, but nobody is giving anything away.

Today's Listings Are Smaller Than What Sold

The average active listing asks $177,498 while the average sale closed at $201,836 — asking prices sitting below recent sale prices, which is unusual and easy to misread as weakness.

It is a size story. Active listings average 1,602 square feet against 1,829 for recent closings — roughly 12% less house. Per square foot the two are within a dollar of each other. The current inventory simply skews smaller than what has been changing hands.

For a buyer that is worth knowing before you shop: if you need square footage, the available selection is thinner than the raw listing count suggests.

Selection: 1.41 Listings per Home Under Contract

93 active listings against 66 under contract gives a ratio of 1.41 — below the 1.5-to-2.0 band that describes balance, so choice is somewhat limited. Combined with the accelerating pace, buyers who find the right house should not assume it will wait for them.

Browse current Lorain homes for sale and sort by days on market to see which listings are genuinely new and which have been available a while.

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. Lorain's $201,836 average sale price runs roughly 29% below the state median — lakefront access and a Cleveland-adjacent location at a price the eastern suburbs do not offer.

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, Lorain's average sale price works out to roughly $1,037 a month in principal and interest before taxes and insurance.

Lorain Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,800 square feet. Start with homes for sale in Lorain, Ohio.
Condos and low-maintenance living. A smaller segment locally, with some lakefront-adjacent options worth comparing. See Lorain condos for sale.
New construction. Limited within the city, and priced above the citywide resale rate. See new construction homes in Lorain.
Lots and land. Available in and around the city, including some parcels near the lake. Browse Lorain lots and land.
Commercial property. The Broadway corridor and the harbor district trade on fundamentals unrelated to the residential figures above. Review Lorain commercial real estate.
Multi-family and investment. Low entry prices and steady rental demand make Lorain a working investor market. See Lorain multi-family and investment property.
Distressed and below-market. Present in meaningful numbers and worth watching in a market that is speeding up. Check Lorain foreclosures and distressed sales.

What This Means If You Are Buying

Move a little faster than you would have three months ago. The pending data says homes are reaching agreement 17% quicker than the closed data implies, and a 1.41 active-to-pending ratio means selection is already limited.

Do not expect a large discount. At 99.3% of asking, the typical concession is around $1,300 — real, but not the kind of margin worth losing a house over.

Use price per square foot as your check. At $114 to $117 across all three columns, Lorain pricing is unusually consistent, so a listing well outside that band is either a genuine opportunity or has something going on that the price is accounting for. Find out which.

What This Means If You Are Selling

Price near $117 per square foot and expect to transact. A 1,829-square-foot home lands close to $214,000 at that rate. The tight spread between asking and closing prices here means the market rewards accuracy and punishes optimism quickly.

If your home is on the larger side, you have an advantage worth using. The current inventory averages 12% smaller than what has been selling, so a larger, well-presented home faces less direct competition than the listing count suggests.

Plan on roughly two months, and know the trend is in your favor — homes are reaching contract faster now than the closed averages suggest.

How Lorain Compares Nearby

Buyers weighing Lorain routinely also look at Elyria, Amherst, Sheffield Lake, Avon Lake and Vermilion. Compare the underlying data at the Elyria, Amherst and Avon Lake market reports.

Frequently Asked Questions

What is the average home price in Lorain, Ohio?

Recent closed sales in Lorain averaged $201,836 on homes of roughly 1,829 square feet with 3.2 bedrooms. That is about 29% below Ohio’s statewide median sale price of $285,000.

Is the Lorain housing market speeding up or slowing down?

Speeding up. Homes currently under contract reached agreement in 59 days, while homes that already closed took 71. That 12-day improvement is one of the clearer accelerations in Northeast Ohio right now.

Do Lorain sellers get their asking price?

Close to it. Recent closings averaged 99.3% of list price, an average concession of about $1,331. There is modest negotiating room but no systematic discount.

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

Recent closed sales averaged $117 per square foot. Active listings ask $116 and homes under contract are at $114 — a spread of only about 3% across all three stages, which means Lorain sellers are pricing accurately.

Are homes for sale in Lorain smaller than the ones that sold?

Yes, noticeably. Active listings average 1,602 square feet against 1,829 for recent closings — about 12% less house. That is why the average asking price sits below the average sale price, and it means the current inventory skews toward smaller homes.

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

At the August 2026 average sale price of $201,836, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,037 a month before taxes and insurance.

Get a Personalized Lorain Market Analysis

A citywide average cannot tell you what your home is worth. A lakefront-adjacent property, a bungalow near Broadway and a newer build on the south side are three different markets sharing one city — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Lorain 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-Lorain

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Aug. 24, 2026

Canton Ohio Real Estate Market Report – August 2026

Canton has 231 homes for sale and 190 under contract. That ratio — 1.22 available for every one going to a buyer — is among the tightest in Ohio, and it is why sellers here are finishing 101.2% of asking while much of the state negotiates discounts. If you are buying in Canton real estate this fall, the supply math is working against you.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — including one headline number that looks alarming and mostly is not.

Canton Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Canton 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	231	190	803
Average List Price	$297,527	$245,850	$225,091
Average Sold Price	—	—	$227,717
Average Bedrooms	3.2	3.1	3.1
Average Bathrooms	2.2	2.2	2.0
Average Living Area	2,140 sq ft	1,944 sq ft	1,806 sq ft
Average Price per Sq Ft	$140	$125	$127
Average Days on Market	56	63	56

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

1.22 Listings per Home Under Contract

This is the number that shapes everything else. A balanced market carries somewhere between 1.5 and 2.0 available homes for every one going under contract. Canton is at 1.22.

With 190 homes already spoken for against only 231 available, a buyer entering this market is not choosing from a comfortable inventory — they are choosing from what is left after a large, active pool of buyers has already worked through it. That scarcity is what produces above-asking results.

803 homes have closed in this market area over the reporting period, so the demand is real and sustained rather than a seasonal blip.

Sellers Are Finishing Above Asking

Recent Canton closings averaged $227,717 against an average list price of $225,091 — a sale-to-list ratio of 101.2%, or roughly $2,626 above asking.

A figure above 100% across a sample this size means multiple-offer situations are common enough to move the citywide average. Buyers are bidding against each other rather than negotiating sellers down, and an offer written below list needs a specific justification to survive.

The $69,810 Asking Gap Is Mostly Size

The average active listing asks $297,527 while the average sale closed at $227,717 — a gap of nearly $70,000 that looks, at first glance, like sellers have lost touch with the market.

They mostly have not. Active listings average 2,140 square feet against 1,806 for homes that sold — about 18% more house. The homes currently on the market are simply bigger than the homes that recently changed hands.

Measured per square foot the gap narrows sharply: $140 asked against $127 paid, a premium of about 10%. That is a real premium and worth negotiating against, but it is a fraction of what the raw price comparison implies. If a $297,000 average has kept you from shopping Canton, that number is describing the size of the current inventory, not the price of the market.

One Softer Note in the Pending Column

Homes under contract are transacting at $125 per square foot, just below the $127 that recently closed. They also took 63 days to reach agreement against 56 for closed sales.

Neither gap is large, and in a market this tight neither should be read as a turn. But both point the same modest direction — slightly softer, slightly slower — and they are worth watching over the next couple of months as a check on the above-asking trend.

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. Canton's $227,717 average sale price runs roughly 20% below the state median, which keeps it attainable even as the supply squeeze pushes individual sales above asking.

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, Canton's average sale price works out to roughly $1,169 a month in principal and interest before taxes and insurance.

Canton Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,800 square feet with two baths. Start with homes for sale in Canton, Ohio.
Condos and low-maintenance living. A useful entry point in a market this tight, and often the fastest way in. Compare Canton condos for sale.
New construction. A meaningful part of why the active pool averages 2,140 square feet and asks a per-foot premium. See new construction homes in Canton.
Lots and land. Available in the surrounding townships and a genuine option when resale inventory is this thin. Browse Canton lots and land.
Commercial property. Downtown, the Hall of Fame Village corridor and the Belden area trade on fundamentals unrelated to the residential figures above. Review Canton commercial real estate.
Multi-family and investment. Low entry prices and steady rental demand make Canton one of the more workable small-multi markets in Stark County. See Canton multi-family and investment property.
Distressed and below-market. Scarce in a market closing above asking, which makes any that surface worth immediate attention. Check Canton foreclosures and distressed sales.

Featured Canton Neighborhoods

A citywide average of $127 per square foot blends neighborhoods with very different housing stock, lot sizes and price trajectories. Neighborhood data is where the number that applies to your home actually lives:

Aberdeen Commons Cond · Alpine Lake Village · Aspen Hills · Avondale Woods · Beaver Ridge · Bellflower Heights · Blossom Wood · Brookshire Commons · Brunnerdale Acres · Burnhum Hills · Canton Gardens · Central Square · Colonial Village · Crystal Park Add · Diamond Estates · Dream Acres · Dunkeith Hills · Easthill Square · Englewood Estates · Far View

What This Means If You Are Buying

Come prepared to compete. With 1.22 listings per pending sale and a 101.2% sale-to-list ratio, the well-priced homes attract offers quickly and frequently sell for more than list. Fully underwritten financing, not a pre-qualification letter, is what lets you move at that pace.

Shop on price per square foot rather than sticker price. The $140 the active pool asks includes a genuine premium over the $127 buyers have been paying — that gap is where your negotiating room lives, and it is largest on the biggest homes.

Do not let the $297,000 average scare you off. The typical Canton transaction is a 1,800-square-foot home at about $228,000, and that market is very much active.

What This Means If You Are Selling

Price at the market and let scarcity do the work. Sellers who anchor near $127 per square foot — roughly $229,000 for an 1,800-square-foot home — are the ones generating the competing offers that produce a 101.2% result. Pricing toward the $140 the active pool asks forfeits that dynamic.

Expect roughly two months. The 56-day average on closed sales is a genuinely fast market, and the first two weeks carry most of your leverage.

If your home is on the larger end, price it carefully. The oversized listings are the ones carrying the per-foot premium and the ones most likely to sit while smaller homes move.

How Canton Compares Nearby

Buyers weighing Canton routinely also look at North Canton, Massillon, Louisville and Alliance. Compare the underlying data at the Massillon, North Canton and Akron market reports.

Frequently Asked Questions

Is Canton, Ohio a seller’s market?

Yes. There are 231 homes for sale in Canton against 190 under contract — a ratio of 1.22, well below the 1.5 to 2.0 range that describes balance. Recent closings also averaged 101.2% of asking, meaning the typical seller collected about $2,626 more than they listed for.

What is the average home price in Canton, Ohio?

Recent closed sales averaged $227,717 on homes of roughly 1,806 square feet. That is about 20% below Ohio’s statewide median sale price of $285,000.

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

Mostly because the homes currently listed are larger. Active listings average 2,140 square feet against 1,806 for homes that sold — about 18% more house. Measured per square foot the gap narrows considerably, from $140 asked to $127 paid.

How fast do homes sell in Canton?

Recent closed sales averaged 56 days on market. Homes currently under contract took 63 days, and listings still available have been on the market an average of 56 days.

Do Canton homes sell above asking price?

On average, yes. Recent closings came in at 101.2% of list price. That does not mean every home sells above asking, but competitive offers are frequent enough to lift the citywide average above 100%.

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

At the August 2026 average sale price of $227,717, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,169 a month before taxes and insurance.

Get a Personalized Canton Market Analysis

A citywide average cannot tell you what your home is worth — and in a market where the listed homes are 18% larger than the sold ones, it is more likely to mislead than help. Ready to make a move? Search all Canton, Ohio homes for sale, or reach out for a free, no-obligation valuation and a customized market report for your specific neighborhood.

Sources: Canton 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-Canton

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Aug. 24, 2026

Akron Ohio Real Estate Market Report – August 2026

Two numbers in Akron's data point the same direction, and both of them are forward-looking. Homes under contract are transacting at $127 per square foot against $121 for homes that already closed — and they are reaching agreement in 56 days against 65. Buyers are paying more, faster. That combination is how a market firms up, and it is happening while Akron real estate remains one of the more affordable metros in Ohio.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — and what it means from either side of the table.

Akron Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Akron 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	560	305	1,323
Average List Price	$203,663	$209,161	$198,564
Average Sold Price	—	—	$198,287
Average Bedrooms	3.2	3.2	3.1
Average Bathrooms	1.8	1.9	1.9
Average Living Area	1,610 sq ft	1,675 sq ft	1,655 sq ft
Average Price per Sq Ft	$123	$127	$121
Average Days on Market	63	56	65

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

Both Leading Indicators Point Up

Pending sales are the most current read on any market. They reflect what buyers and sellers agreed to in the last few weeks, while closed sales describe decisions made months ago.

In Akron the pending cohort is doing two things at once. It is paying $127 per square foot against the $121 that recently closed — about 5% more. And it is getting to contract in 56 days against 65 — about two weeks faster.

Either one alone could be noise. Together they describe a market where demand is strengthening rather than fading, which means next quarter's closed figures are more likely to print above this quarter's than below.

Sellers Are Getting Essentially Full Price

Recent Akron closings averaged $198,287 against an average list price of $198,564. That is a sale-to-list ratio of 99.9% — a gap of $277 on a roughly $198,000 home.

In practical terms there is no systematic discount here. Buyers hoping to negotiate several percent off asking are working against the evidence; the typical Akron transaction closes within a rounding error of the list price.

1,323 homes closed in this market area over the reporting period, so this is a deep, liquid market rather than a thin one where a handful of sales could distort the ratio.

Selection Is Still Reasonable — For Now

560 active listings against 305 under contract gives a ratio of 1.84, which sits inside the 1.5-to-2.0 band that describes a balanced market. Buyers have genuine choice.

The caveat is direction. With the pending cohort both paying more and moving faster, that 1.84 is more likely to compress than expand over the next few months. Buyers who have been waiting for better conditions may find that this was the better condition. Browse current Akron homes for sale to see what 560 listings looks like across the city's neighborhoods.

Affordability Remains the Core Advantage

At $198,287 average, Akron sits roughly 30% below Ohio's statewide median. At 6.65% with 20% down, that works out to about $1,018 a month in principal and interest before taxes and insurance.

For a metro with a major university, a large hospital system and a downtown that has absorbed serious investment, that is a genuinely low cost of entry. It is also why the pending numbers are firming — affordability at this level attracts both owner-occupants priced out of Cleveland's suburbs and investors looking for yield.

Ohio Context and Mortgage Rates

Akron Market Breakdown by Property Type

Single-family homes. The core of the market — three-bedroom homes near 1,655 square feet, much of it solid early-to-mid-century stock. Start with homes for sale in Akron, Ohio.
Condos and low-maintenance living. A smaller segment, concentrated in the western suburbs and near the university. Compare Akron condos for sale.
New construction. Limited within the city itself and priced well above the citywide resale rate. See new construction homes in Akron.
Lots and land. More available here than in the built-out suburbs, and central to infill development. Browse Akron lots and land.
Commercial property. Downtown, the Innovation District and the Merriman Valley trade on fundamentals unrelated to the residential figures above. Review Akron commercial real estate.
Multi-family and investment. A deep market with strong rental demand from the university and hospital systems. See Akron multi-family and investment property.
Distressed and below-market. Available in meaningful numbers here, and worth watching in a market where the finished product is firming. Check Akron foreclosures and distressed sales.

Featured Akron Neighborhoods

A citywide average of $121 per square foot spans neighborhoods with very different housing stock and price trajectories — from the established streets of Goodyear Heights to the newer developments on the city's western edge. Neighborhood data is where the number that applies to your home actually lives:

Aberth Farms · Arlington Heights · Beverly Park · Brittain Woods · Camden Ridge · Carter Smith Little Acres · Chenoweth Lake Heights · Clifton Hills · Cotter Farms · Crystal Shores · Delia Estates · East Manor · Echo Hills · English Oaks · Fairlawn Knolls Add · Firestone Trace · Frye View · Goodhue Park · Greystone Estates · Hartford Hill

What This Means If You Are Buying

Do not plan on negotiating much. At 99.9% of asking, Akron sellers are getting essentially full price, and an offer built around a several-percent discount will lose to one that is not.

Use the per-foot figure as your filter instead. Divide asking price by square footage and compare it to $121. Anything at or below that is priced in line with what the market has been paying; well above deserves a specific reason.

And factor in the direction. With the pending cohort paying $127 a foot and moving faster than recent closings, waiting for a softer market is a bet against what the current data shows. If you find the right house, the case for acting now is stronger than it was three months ago.

What This Means If You Are Selling

Price near the market and you will get it. A 99.9% sale-to-list ratio across 1,323 closings is about as clean a signal as this kind of data produces — accurate pricing gets paid in full here.

Anchor around $121 to $127 per square foot, which puts a 1,655-square-foot home in the $200,000 to $210,000 range, and let the pending data support the upper half of that band. Homes going under contract right now are transacting above the closed average, not below it.

Plan on roughly two months and prepare properly before launch. With 560 competing listings, presentation is what separates the homes that hit the 56-day pending pace from the ones that sit past the 63-day active average.

How Akron Compares Nearby

Buyers weighing Akron routinely also look at Cuyahoga Falls, Barberton, Stow, Green and Fairlawn. Compare the underlying data at the Cuyahoga Falls, Barberton and Cleveland market reports.

Frequently Asked Questions

Is Akron, Ohio a good market to buy in right now?

Akron is close to balanced, with 560 homes for sale against 305 under contract — a ratio of 1.84. Buyers have real selection, but the leading indicators are tightening: homes under contract are reaching agreement 9 days faster than recent closings and at a higher price per square foot.

What is the average home price in Akron, Ohio?

Recent closed sales in Akron averaged $198,287 on homes of roughly 1,655 square feet with 3.1 bedrooms. That is about 30% below Ohio’s statewide median sale price of $285,000.

How fast do homes sell in Akron?

Recent closed sales averaged 65 days on market, while homes currently under contract reached agreement in 56 days. That 9-day improvement suggests the market picked up pace over the summer rather than slowing.

Do Akron sellers get their asking price?

Essentially yes. Recent closings averaged 99.9% of list price — an average gap of just $277 on a roughly $198,000 sale. There is very little systematic negotiating room in this market.

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

Recent closed sales averaged $121 per square foot. Active listings ask $123 and homes under contract are at $127 — meaning buyers currently in contract are paying more per foot than recent closings, a forward-looking signal that prices are firming.

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

At the August 2026 average sale price of $198,287, with 20% down at a 6.65% 30-year fixed rate, principal and interest works out to roughly $1,018 a month before taxes and insurance.

Get a Personalized Akron Market Analysis

A citywide average cannot tell you what your home is worth. A bungalow in Goodyear Heights, a colonial in Highland Square and a newer build on the western edge are three different markets sharing one city — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Akron 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-Akron

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Aug. 24, 2026

Cleveland Ohio Real Estate Market Report – August 2026

There are 803 homes for sale in Cleveland and 307 under contract — 2.62 available for every one going to a buyer. That is among the widest selection of any market in Northeast Ohio right now, and it is the number that should shape how you approach Cleveland real estate this fall. Buyers here have leverage that buyers in the surrounding suburbs simply do not.

Below is the full August 2026 picture — active inventory, homes under contract, closed sales, price per square foot and days on market — along with one large caveat about citywide averages in a city this varied.

Cleveland Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Cleveland 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	803	307	1,285
Average List Price	$196,940	$149,491	$167,372
Average Sold Price	—	—	$164,889
Average Bedrooms	3.2	3.2	3.1
Average Bathrooms	1.8	1.6	1.7
Average Living Area	1,629 sq ft	1,525 sq ft	1,573 sq ft
Average Price per Sq Ft	$119	$106	$110
Average Days on Market	75	65	72

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

2.62 Listings for Every Home Under Contract

A balanced market runs somewhere between 1.5 and 2.0 available homes per pending sale. Cleveland is at 2.62, and the practical effect is that buyers can be selective in a way that has not been possible in this region for several years.

It also means sellers are competing with each other, not just waiting for demand. With 803 listings on the market, a home that is priced ambitiously is not merely slow to sell — it is one of hundreds of alternatives a buyer can scroll past without a second thought.

1,285 homes have closed in this market area over the reporting period, so the demand side is far from dead. There is simply more supply chasing it than anywhere else nearby.

Buyers Are Negotiating Real Discounts

Recent Cleveland closings averaged $164,889 against an average list price of $167,372 — a sale-to-list ratio of 98.5%, or roughly $2,483 off asking.

That is a meaningful contrast with the surrounding suburbs, where sellers are frequently collecting 100% or more. In Parma, ten miles south, the average seller finished $3,670 above asking. In Cleveland proper, an offer below list is a normal opening move rather than a long shot.

The Pending Column Is Pointing Down

Here is the signal worth watching. Homes under contract are transacting at $106 per square foot. Homes that already closed went for $110. Active listings ask $119.

Pending sales reflect decisions made in the last few weeks; closed sales reflect decisions made months ago. When the pending figure sits below the closed figure, it suggests the most recent round of negotiations landed softer than the previous one — prices drifting down at the margin rather than climbing.

Meanwhile active listings are asking an 8% premium over what the market has actually been paying. That gap, combined with 803 listings and a 75-day average on the active pool, is why patient buyers are doing well here.

The Citywide Average Is the Least Useful Number Here

This deserves more emphasis in Cleveland than almost anywhere. A $110 per-square-foot average blends Ohio City and Little Italy — walkable, restaurant-dense, and priced accordingly — with neighborhoods where sound houses trade for a fraction of that.

These are not variations around a common market. They are separate markets that happen to share a municipal boundary, with different buyer pools, different financing realities and different price trajectories. Any conclusion you draw from the citywide figure needs to be re-checked at the neighborhood level before you act on it.

The averages above are still useful for one thing: describing the direction the overall market is moving. They are close to useless for valuing a specific house.

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. Cleveland's $164,889 average sale price runs roughly 42% below the state median — the affordability that continues to draw both first-time buyers and investors to the city.

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, Cleveland's average sale price works out to roughly $847 a month in principal and interest before taxes and insurance. At this price point, property taxes and insurance often rival the mortgage payment itself, so run the full number rather than the loan payment alone.

Cleveland Market Breakdown by Property Type

Single-family homes. The bulk of the market — three-bedroom homes near 1,570 square feet, much of it early-twentieth-century stock. Start with homes for sale in Cleveland, Ohio.
Condos and low-maintenance living. Concentrated downtown and on the near west side, and a different market entirely from the single-family stock. Compare Cleveland condos for sale.
New construction. Limited but growing, especially in the near-west neighborhoods, and priced well above the citywide resale rate. See new construction homes in Cleveland.
Lots and land. Genuinely available here in a way it is not in the suburbs, and central to much of the city's infill development. Browse Cleveland lots and land.
Commercial property. Downtown, the Flats and the health-tech corridor trade on fundamentals unrelated to the residential figures above. Review Cleveland commercial real estate.
Multi-family and investment. Cleveland is one of the most active small-multi markets in the Midwest, with doubles and triples throughout the older neighborhoods. See Cleveland multi-family and investment property.
Distressed and below-market. More available here than anywhere else in the region, and a genuine opportunity for buyers who can fund repairs outside a conventional loan. Check Cleveland foreclosures and distressed sales.

Featured Cleveland Neighborhoods

As noted above, Cleveland is a collection of distinct markets rather than one. These neighborhood pages are where the numbers that actually apply to you live:

Brooklyn Centre · Forest Hills · Little Italy · Miles Heights · Mount Pleasant · North Collinwood · Ohio City · Old Brooklyn · South Hills · West Park · Woodland Hills

What This Means If You Are Buying

Take your time and use the selection. With 803 active listings and 2.62 available for every pending sale, there is no reason to stretch for a house that is nearly right. That is a genuinely unusual position for a buyer in Northeast Ohio in 2026.

Negotiate. The average closing lands 1.5% under asking, and listings that have been sitting past the 75-day average are where that number gets considerably larger. Ask how long a home has been listed before you write.

Then verify everything at the neighborhood level. Divide asking price by square footage and compare it to recent sales on nearby streets, not to the $110 citywide figure — in Cleveland that comparison will mislead you in both directions.

What This Means If You Are Selling

Price to the market on day one. With 803 competing listings, an ambitious price does not get tested and then corrected — it simply gets skipped. The active pool is asking $119 per square foot against the $110 buyers are paying, and the 75-day average on those listings is the direct consequence.

Anchor near $110 per square foot as a starting point, then adjust for your neighborhood, which matters more here than in almost any other Ohio market. A 1,570-square-foot home lands around $173,000 at the citywide rate, but the right number for your street could be well above or well below that.

Budget for a concession of roughly $2,500 and for a two-to-three-month timeline. Sellers who price correctly and present well are still transacting; sellers waiting for a suburb-style bidding war are the ones accumulating days on market.

How Cleveland Compares Nearby

Buyers weighing Cleveland routinely also look at Lakewood, Parma, Euclid, Cleveland Heights and Shaker Heights. The contrast with Parma is especially sharp — compare the data directly at the Parma, Lakewood and Euclid market reports.

Frequently Asked Questions

Is Cleveland, Ohio a buyer’s market or a seller’s market?

Cleveland currently favors buyers. There are 803 homes actively for sale against 307 under contract — a ratio of 2.62 available homes for every one going under contract, which is well above the 1.5 to 2.0 range that describes a balanced market. Homes are also closing at 98.5% of asking, so there is genuine room to negotiate.

What is the average home price in Cleveland, Ohio?

Recent closed sales in Cleveland averaged $164,889 on homes of roughly 1,573 square feet. That is about 42% below Ohio’s statewide median of $285,000, making Cleveland one of the most affordable major-city markets in the state.

How long does it take to sell a house in Cleveland?

Recent closed sales averaged 72 days on market, and homes currently under contract took 65 days. Listings still available have been on the market an average of 75 days. Expect roughly two to two and a half months for a well-priced home.

Do homes in Cleveland sell for less than the asking price?

Typically yes. Recent closings averaged 98.5% of list price, an average concession of about $2,483. Unlike much of Northeast Ohio, where sellers are collecting at or above asking, Cleveland buyers are still negotiating meaningful discounts.

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

Recent closed sales averaged $110 per square foot. Active listings ask $119 — roughly an 8% premium over what the market has actually been paying. Homes currently under contract are at $106, slightly below the closing rate, which suggests pricing is drifting rather than climbing.

Which Cleveland neighborhoods should I look at?

It depends entirely on your budget and priorities, because Cleveland is not one market. Ohio City and Little Italy trade on walkability and restaurant density at a substantial premium, West Park and Old Brooklyn offer more traditional single-family stock, and neighborhoods like Mount Pleasant and Woodland Hills sit at the affordable end. The citywide average describes none of them well.

Get a Personalized Cleveland Market Analysis

In a city this varied, a citywide average is more likely to mislead you than help. A double in Old Brooklyn, a renovated colonial in West Park and a condo downtown are three separate markets — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Cleveland 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-Cleveland

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Aug. 24, 2026

Parma Ohio Real Estate Market Report – August 2026

There are 87 homes for sale in Parma right now. There are 95 under contract. Read that twice — there are more Parma homes already spoken for than there are available to buy. That single comparison explains almost everything else in this month's data, and it is the tightest supply position of any market we track in Northeast Ohio.

Below is the full August 2026 picture for Parma real estate — active inventory, homes under contract, closed sales, price per square foot and days on market — plus what it means whether you are buying or selling.

Parma Ohio Market Snapshot – August 2026

Figures come from live MLS data for the Parma 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	87	95	426
Average List Price	$244,542	$251,494	$231,797
Average Sold Price	—	—	$235,467
Average Bedrooms	3.2	3.1	3.1
Average Bathrooms	2.0	2.0	1.9
Average Living Area	1,815 sq ft	1,883 sq ft	1,801 sq ft
Average Price per Sq Ft	$142	$141	$139
Average Days on Market	33	44	49

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

More Homes Under Contract Than For Sale

The active-to-pending ratio in Parma is 0.92. In a balanced market that number sits between 1.5 and 2.0 — one and a half to two available homes for every one going under contract. Parma has less than one.

Practically, that means the moment a well-priced Parma home hits the market it enters a pool of buyers who have already been looking, already been outbid, and already have financing in place. There is no accumulated backlog of leftover inventory for them to fall back on.

426 homes have closed in this market area over the reporting period, so this is not a thin or quiet market. Demand is high and supply is turning over quickly — the shortage is a velocity problem, not an interest problem.

Sellers Are Collecting More Than They Ask

Recent Parma closings averaged $235,467 against an average list price of $231,797. That is a sale-to-list ratio of 101.6%, and it means the typical seller finished about $3,670 above their asking price.

Any figure above 100% tells you multiple-offer situations are frequent enough to move the average. Buyers are not negotiating Parma sellers down; they are bidding against each other. An offer written below asking, without a compelling reason attached, is unlikely to be the one that wins.

The Pricing Is Remarkably Efficient

Here is the quietest but most revealing number in the table. Active listings ask $142 per square foot. Homes under contract are at $141. Homes that closed went for $139.

That is a spread of roughly 2% across all three stages. In most markets this gap runs 7% to 20%, because some share of sellers list optimistically and then sit. In Parma, essentially nobody is overpricing — and the ones who do get corrected fast enough that they never accumulate in the data.

For a buyer this is genuinely useful: the asking price in Parma is close to the real price. There is no hidden discount to hunt for, and a listing priced near $142 a foot is priced where the market actually transacts.

Today's Listings Are Newer Than What Sold

Active listings have been on the market an average of 33 days. Homes that closed took 49. Homes under contract took 44.

That ordering is unusual and it is good news for buyers. In most markets active inventory has been sitting longer than sold homes took, because the easy sales already happened and the difficult ones remain. Parma has inverted that — the available inventory is fresher than the inventory that recently sold, which means new listings are arriving faster than stale ones accumulate.

If you looked at Parma a few months ago and found nothing, the selection today is genuinely different.

Ohio Context and Mortgage Rates

Ohio REALTORS reported a statewide median sale price of $285,000 for July 2026, up 3.6% from $275,000 a year earlier, on 12,723 closed sales. Statewide active listings stood at 39,641 with 3.72 months of supply — still under the six months generally considered balanced. Parma's $235,467 average sale price runs roughly 17% below the state median, which is a large part of its appeal: a well-established Cuyahoga County suburb at a price most of the state no longer offers.

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, Parma's average sale price works out to roughly $1,209 a month in principal and interest before taxes and insurance — among the more attainable payments in Greater Cleveland.

Parma Market Breakdown by Property Type

Single-family homes. The overwhelming majority of the market, centered on three-bedroom homes near 1,800 square feet — the postwar brick capes, colonials and ranches Parma is built on. Start with homes for sale in Parma, Ohio.
Condos and low-maintenance living. A meaningful segment here, and often the fastest way into the market at this price point. Compare Parma condos for sale.
New construction. Limited in a built-out city, which is a structural reason resale supply stays as tight as it is. See new construction homes in Parma.
Lots and land. Genuinely scarce inside the city limits — worth watching precisely because there is so little of it. Browse Parma lots and land.
Commercial property. The Ridge Road and Brookpark corridors trade on fundamentals separate from the residential figures above. Review Parma commercial real estate.
Multi-family and investment. Steady rental demand and low entry prices make Parma one of the more workable small-multi markets in Cuyahoga County. See Parma multi-family and investment property.
Distressed and below-market. Rare in a market closing above asking, which makes any that surface worth immediate attention. Check Parma foreclosures and distressed sales.

Featured Parma Neighborhoods

A citywide average of $139 per square foot blends neighborhoods with different housing stock, lot sizes and school assignments. Neighborhood-level data is where the number that applies to your home actually lives:

Aberdeen Park · Arbor Park Commons · Arlington Place · Aupings Gardens · Barton Hill · Black Forest Acres · Black Forest Estates · Broad Valley · Broadview Farms · Brook View · Chestnut Heights · City Acres Proposed · Concord Square Village · Cumberland Park · Delmar Park · Dogwood Estates · Ely Vista Ridge · Eureka Park · Exeter Park · Fern Hill Heights

What This Means If You Are Buying

Be ready before you tour. With 87 homes available against 95 under contract and a 101.6% sale-to-list ratio, the good listings are not waiting. Full underwritten approval — not a pre-qualification letter — is what lets you write same-day.

Do not shop for a discount. The 2% spread between asking and closing prices per square foot means there is no systematic cushion built into Parma pricing. An offer below asking will usually lose to one at or above it, and the winning bid is frequently above list.

Use the per-foot figure as your sanity check instead. Divide asking price by square footage: anything at or under $142 is priced in line with the market. Well above that deserves a reason — a renovation, a larger lot, a better street — before you stretch for it.

What This Means If You Are Selling

You are in a strong position, and the way to capitalize is to price at the market rather than above it. Anchor near $139 to $142 per square foot — an 1,800-square-foot home lands right around $250,000 to $256,000 in asking terms — and let competing buyers push it higher. That is precisely how the average seller ended up 101.6% of asking.

Pricing aggressively above that band works against you here. The efficiency of this market means buyers can tell immediately when a listing is out of line, and with inventory turning over in 33 days there is always another house next week.

Prepare before launch. In a market this fast the first ten days carry most of your leverage, and a price reduction later never recovers the momentum a correct launch would have produced.

How Parma Compares Nearby

Buyers shopping Parma routinely also look at Parma Heights, Brooklyn, Seven Hills, Broadview Heights and North Royalton, and sellers should understand where their home sits in that set. Compare the underlying data directly at the Parma Heights, North Royalton and Cleveland market reports.

Frequently Asked Questions

Is Parma, Ohio a seller’s market right now?

Yes. As of August 2026 there are 87 homes actively for sale in Parma against 95 under contract — fewer available than spoken for. Homes are also closing at 101.6% of asking price, meaning the average seller collected about $3,670 more than they listed for.

What is the average home price in Parma, Ohio?

Recent closed sales in Parma averaged $235,467, on homes of roughly 1,801 square feet with 3.1 bedrooms and 1.9 bathrooms. That is about 17% below Ohio’s statewide median sale price of $285,000.

How fast do homes sell in Parma?

Recent closed sales averaged 49 days on market. Homes currently listed have been available an average of just 33 days, which means today’s inventory is newer than what has been selling — fresh listings are arriving rather than piling up.

Do homes in Parma sell for more than the asking price?

On average, yes. Recent sales closed at 101.6% of list price. That does not guarantee every home sells above asking, but it does mean competitive offers are common enough to lift the citywide average above 100%.

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

Recent closed sales averaged $139 per square foot. Homes under contract are at $141 and active listings ask $142 — a spread of only about 2%, which is unusually tight and signals that Parma sellers are pricing accurately.

How much house does $235,000 buy in Parma?

At the current average of $139 per square foot, roughly 1,800 square feet — typically a three-bedroom home with one to two bathrooms. At 6.65% with 20% down, that price works out to about $1,209 a month in principal and interest before taxes and insurance.

Get a Personalized Parma Market Analysis

A citywide average cannot tell you what your home is worth. A brick cape near Ridge Road, a postwar ranch off State Road and an updated colonial backing to the Metroparks are three different markets sharing one ZIP code — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Parma 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-Parma

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Aug. 24, 2026

Plain City Ohio Real Estate Market Report – August 2026

Buyers at the $600,000 price point in Central Ohio are usually the ones competing. In Plain City they are not. The average seller here accepted $6,460 below asking, there are two available homes for every one under contract, and nothing sells in under three months. If you have been out-bid in the northern suburbs, this is the market where patience is worth money instead of costing it.

Here is the full August 2026 picture for Plain City real estate — active inventory, pending contracts, closed sales, price per square foot and days on market — and what each of those means from both sides of the table.

Plain City Ohio Market Snapshot – August 2026

These figures come from live MLS data for the Plain City market area, covering active, pending and recently closed residential listings.

Market Metric	Active	Pending	Sold
Number of Properties	146	73	306
Average List Price	$734,924	$637,529	$611,992
Average Sold Price	—	—	$605,532
Average Bedrooms	3.8	3.6	3.7
Average Bathrooms	3.4	3.0	3.2
Average Living Area	2,878 sq ft	2,646 sq ft	2,742 sq ft
Average Price per Sq Ft	$227	$240	$221
Average Days on Market	102	103	96

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

The Buyer's Leverage, Quantified

306 homes closed in this market area over the reporting period. Across recent closed sales, Plain City homes listed at $611,992 and sold at $605,532 — a sale-to-list ratio of 98.94% and an average concession of $6,460, the largest dollar concession of any Central Ohio submarket this month.

Most of the region is closing at 99% or better, where concessions run in the hundreds or low thousands. Plain City buyers are getting six and a half thousand dollars off on average. At this price point that is roughly two months of principal and interest.

Selection reinforces it. 146 active listings against 73 pending gives a ratio of exactly 2.00 — the top of the balanced-market range, meaning a buyer has genuine alternatives on nearly every home they consider. Choice plus negotiating room plus no time pressure is an unusual combination at $600,000. Browse current Plain City homes for sale to see what 146 listings looks like in a town this size.

Everything Here Takes About Three Months

Closed sales averaged 96 days on market. Most Central Ohio submarkets are turning over between 52 and 80 days. Plain City takes roughly a quarter from list to contract, consistently.

What separates this from a market in trouble is the consistency. Active listings average 102 days and pending 103 — all three columns cluster within a week of each other. In a deteriorating market, active inventory piles up far beyond what sold homes required. Here the whole system simply runs at a slower cadence.

The explanation is the product. This is a semi-rural, large-home, high-price market where the buyer pool is smaller and more specific by definition. Fewer buyers means longer searches on both sides — a structural feature, not a warning.

The Counterweight: Pending Sales at $240 per Foot

One forward-looking signal cuts against the buyer's-market read. Homes under contract carry $240 per square foot against the $221 closed sales achieved and the $227 active listings ask. Pending homes are also slightly smaller, at 2,646 square feet against 2,742.

Buyers are paying more per foot for less house than the closed data reflects. That points to a flight toward newer or better-finished product — most likely the ongoing development around Jerome Village, which has been reshaping this market's composition for years. If it continues, next quarter's closed figures should print above this quarter's.

The practical takeaway: leverage is real in the general market and thin on the newest, best-finished homes. Know which tier you are shopping before deciding how aggressive to be.

Central Ohio and Mortgage Rate Context

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 — a 6.3% increase from a year earlier. Regional inventory stood at 6,193 single-family homes and condominiums, a 2.4-month supply. Plain City's $605,532 average sold price runs roughly 73% above that figure; the comparison sets a mean against a median and overstates the gap, but Plain City clearly sits at the premium end of Central Ohio, driven by large-lot new construction and Jerome Village.

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 straight weekly decline. The 15-year averaged 5.95%. Both sit modestly above year-ago levels of 6.58% and 5.69%, so this is drift rather than relief. At 6.65% with 20% down, the $605,532 average sale price works out to roughly $3,110 a month in principal and interest before taxes and insurance.

Plain City Market Breakdown by Property Type

Single-family homes. Effectively the entire market, averaging 3.7 bedrooms and better than three baths across 2,742 square feet — among the largest typical homes in the region. Start with homes for sale in Plain City, Ohio.
Condos and low-maintenance living. Courtyard communities are the most accessible entry point here, drawing steady interest from buyers who want the schools without the acreage. Compare Plain City condos for sale.
New construction. The defining force in this market. Jerome Village and the surrounding developments are why average prices sit where they do, and the likeliest driver of the $240 pending rate. See new construction homes in Plain City.
Lots and land. Genuinely abundant compared with the built-out Franklin County suburbs, and a real option for buyers who cannot find the right existing home. Browse Plain City lots and land.
Commercial property. The historic downtown and the US-42 corridor trade on fundamentals separate from the residential figures above. Review Plain City commercial real estate.
Multi-family and investment. Scarce in a market dominated by large single-family product, which is what makes the few available assets notable. See Plain City multi-family and investment property.
Distressed and below-market. Rare at this price point, but a three-month average timeline means motivated sellers do surface. Check Plain City foreclosures and distressed sales.

Featured Plain City Subdivisions

A citywide average of $221 per square foot blends the Jerome Village master-planned communities with older housing near the historic downtown and scattered acreage properties — three genuinely different markets. Neighborhood data is where the number that applies to you actually lives:

Canby Court · Carriage Estates · Courtyards at Jerome Village · Darby Braeside · Darby Fields · Glacier Park · Jerome Village · Madison Meadows · Mitchell Crossing · Mitchell Highlands · New California Hills · New California Woods · Pioneer Crossing · Plain City Commons · Pleasantview Farm · Taylor Fields · The Courtyards at Hyland Run · The Post at Glacier Pointe · Willow Creek · Woodbine Village

What This Means If You Are Buying

Slow down and use the leverage. A 2.00 active-to-pending ratio, a 98.9% sale-to-list ratio and a three-month average timeline all say the same thing: you are not going to lose the house this weekend, and an offer below asking is the normal opening move. Budget for roughly $6,500 off as a realistic expectation.

Look hardest at the older active inventory. With listings averaging 102 days and no urgency in the market, sellers four or five months in are the ones most likely to move on price. That is where the average concession turns into something considerably larger.

Keep the $240 pending figure in view as the exception. On the newest and best-finished homes, competition does exist, and treating those the same way you treat a five-month-old listing will cost you the house.

What This Means If You Are Selling

Plan for three months and price to survive it. This market does not reward listing high and correcting later, because the correction cycle runs a full quarter and the carrying cost on a $600,000 home is substantial. Anchor near $221 per square foot from closed sales — a 2,750-square-foot home lands close to $608,000.

Then budget for the concession. Unlike most of Central Ohio, buyers here do negotiate and do get their number: $6,460 on average. Building that in from the start prevents the far worse outcome of rejecting a fair offer in month two and accepting less in month five.

If your home is newer or genuinely well finished, the pending data at $240 a foot says you have more room than the closed average suggests. That is the one segment of this market where confidence is warranted.

How Plain City Compares Nearby

Buyers weighing Plain City routinely cross-shop Dublin, Marysville and Hilliard as they trade price against commute and lot size. Our other Central Ohio reports cover Hilliard, Powell and Columbus with the same MLS breakdown.

Frequently Asked Questions

What does a typical house cost in Plain City, Ohio?

Recent closings averaged $604,533 across 308 sales, and the 50 shown in detail have a median of $642,000, reaching $1,549,000 at the top. At the 6.65 percent rate Freddie Mac reported on August 20, 2026, with 20 percent down, $642,000 works out to roughly $3,297 a month in principal and interest.

Do Plain City sellers get their asking price?

Very nearly. The median sale-to-list ratio across the detailed closings is 99.0 percent with an aggregate of 97.8 percent, and 44 of the 50 landed within five points of asking. The range runs from 84 to 103 percent, so buyers here negotiate modestly rather than not at all.

How long does it take to sell a home in Plain City?

Recent closings averaged 96 days on market, the slowest of the large central Ohio markets covered in this series. The 74 homes under contract took 102 days to go pending, and the 143 listings still available have been out an average of 103.

Is Plain City a buyer market or a seller market?

Buyer-leaning at 1.93 active listings per pending sale, with every timing figure running past three months. At these price points the buyer pool is smaller, and the 143 listings on the market give purchasers real room to compare.

What is the price per square foot in Plain City?

Recent closings achieved $220 per square foot on an average living area of 2,749 square feet, which is the highest per-foot figure among the Columbus-area markets in this series apart from New Albany at $229. Pending sales are running higher still at $241.

How does Plain City compare with Dublin and Marysville?

Plain City at $604,533 sits above Marysville at $420,433 and $193 per square foot, and its $220 per square foot reflects the Jerome Township and Glacier Ridge construction on the Union County side of the Columbus growth belt.

Get a Personalized Plain City Market Analysis

A citywide average cannot tell you what your home is worth. A newer home in Jerome Village, a courtyard villa at Hyland Run and an older property near the historic downtown are three different markets sharing one ZIP code — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Plain City Ohio Real Estate Market Report (live MLS data); Columbus REALTORS® Central Ohio Housing Report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Plain City

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Aug. 24, 2026

Reynoldsburg Ohio Real Estate Market Report – August 2026

A monthly principal-and-interest payment of about $1,499 buys the average Reynoldsburg home — roughly half what the northern suburbs require for a comparable Franklin County address. That affordability is the headline. The more useful story sits underneath it: this market has split cleanly into two tiers, and which one you are shopping changes almost every number that matters.

Below is the complete August 2026 picture for Reynoldsburg real estate — active inventory, pending contracts, closed sales, price per square foot and days on market — and how to use it on either side of the transaction.

Reynoldsburg Ohio Market Snapshot – August 2026

These figures come from live MLS data for the Reynoldsburg market area, covering active, pending and recently closed residential listings.

Market Metric	Active	Pending	Sold
Number of Properties	99	72	353
Average List Price	$247,440	$313,091	$294,280
Average Sold Price	—	—	$291,889
Average Bedrooms	3.1	3.4	3.2
Average Bathrooms	2.6	2.4	2.4
Average Living Area	1,754 sq ft	1,783 sq ft	1,704 sq ft
Average Price per Sq Ft	$135	$183	$174
Average Days on Market	100	66	59

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

The Affordability Case

At $291,889 average, Reynoldsburg carries one of the two lowest average sale prices in Central Ohio this month — effectively level with Lancaster and roughly 17% below the regional median of $350,000. The difference is that Reynoldsburg is a Franklin County address with direct access to the eastern job corridor, so buyers are not trading a long commute for the price.

At 6.65% with 20% down, that average works out to about $1,499 a month in principal and interest before taxes and insurance. For a household that has been priced out of the northern and western suburbs, this is where the same monthly number still buys a three-bedroom house.

The Two-Tier Split, and Where the Opportunity Is

Homes on the market right now are priced at $135 per square foot. Homes that actually sold went for $174. The available inventory is 22% cheaper per foot than what the market has been paying — and it is not because those homes are smaller. They average 1,754 square feet against 1,704 for sold homes. Marginally larger.

In dollar terms, the average active listing asks $247,440 against $291,889 for the average closed sale. Sellers are asking roughly $44,000 less than the market has been paying, which is close to the opposite of what most submarkets show.

A gap that wide is rarely free money, and it would be irresponsible to present it that way. When active inventory prices far below the closing rate per foot, the usual explanation is condition — dated kitchens and baths, deferred maintenance, original mechanicals, or work a typical financed buyer cannot easily fund. Reynoldsburg has a large stock of mid-century and 1970s housing, and that is the most probable source. The 100-day average on active listings supports it: homes sitting more than three months while comparable square footage sells in 59 days are usually sitting for a reason that shows up at the inspection.

The opportunity is still real for the right buyer. A 22% per-foot discount is a meaningful renovation budget. If you can fund work outside a conventional loan, or you qualify for a renovation mortgage, this is one of the few Central Ohio markets where the arithmetic genuinely favors buying condition problems and fixing them.

What the Finished Tier Is Commanding

Homes currently under contract carry $183 per square foot — above the $174 that closed and 36% above what active inventory asks. Their average list price is $313,091, well above both the $291,889 sold average and the $247,440 active average.

Read the three columns together and the structure is clear. Updated, move-in-ready homes are commanding $183 a foot and rising; a pool of dated inventory at $135 sits. The $174 sold figure is the blend, and it describes neither tier accurately.

For owners of updated homes that is genuinely good news — the market is paying up for finished product, and the blended average understates what a renovated home can achieve.

Inventory: 1.38 Active Listings per Pending Sale

99 active listings against 72 pending puts the ratio at 1.38, one of the tighter figures in the region. Affordable and tightly held is an unusual pairing, and it is part of why the dated-inventory discount is worth taking seriously — there is not much else available. Browse current Reynoldsburg homes for sale and compare per-foot pricing across listings to see the two tiers directly.

Central Ohio and Mortgage Rate Context

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 straight weekly decline. The 15-year averaged 5.95%. Both sit modestly above year-ago levels of 6.58% and 5.69%, so this is drift rather than relief. Buyers considering the dated tier should ask their lender specifically about renovation financing, since a conventional loan on a home needing significant work often will not close.

Reynoldsburg Market Breakdown by Property Type

Single-family homes. The whole market in practice, centered on three-bedroom homes near 1,700 square feet at some of the most attainable prices in Franklin County. Start with homes for sale in Reynoldsburg, Ohio.
Condos and low-maintenance living. A meaningful entry point at this price level, and worth comparing directly against the dated detached inventory. Compare Reynoldsburg condos for sale.
New construction. Limited but present on the eastern edge, and priced much closer to the $183 pending tier than the $135 active average. See new construction homes in Reynoldsburg.
Lots and land. Scarce inside a largely built-out city, part of why dated housing stock still clears at all. Browse Reynoldsburg lots and land.
Commercial property. The Main Street corridor and East Broad Street retail trade on fundamentals separate from the residential figures above. Review Reynoldsburg commercial real estate.
Multi-family and investment. Low entry prices plus strong rental demand make this one of the more active investor markets in Franklin County. See Reynoldsburg multi-family and investment property.
Distressed and below-market. More relevant here than almost anywhere in the region, given the condition-driven discount above. Check Reynoldsburg foreclosures and distressed sales.

Featured Reynoldsburg Subdivisions

A citywide average of $174 per square foot blends two very different kinds of housing. Established neighborhoods like Brookside and Reynoldsburg Knolls trade on mature lots and older floor plans, while newer communities such as Grand Reserve at Reynolds Crossing and the Slate Ridge developments sell recent construction at their own rate. Neighborhood data is where the number that applies to you actually lives:

Barcelona Square · Brookside · Crofton Place · Deerfield Estates · Farmington · Grand Reserve at Reynolds Crossing · Green Tree · Independence Village · Jordan Crossing · Leighton Village · Ludlow · Oak Meadows · Reynoldsburg Knolls · Rosetree · Summit Ridge · Taylor Ridge East · Timber Creek East · Turnberry · Village at Slate Ridge · Woods at Slate Ridge

What This Means If You Are Buying

Sort every listing by price per square foot before you do anything else. The spread between the asking rate and the closing rate here is among the widest in the region, and that spread is your map. Homes near $135 a foot are the renovation candidates; homes near $183 are the finished product the market is bidding up.

Decide which one you are actually buying. If you have renovation capacity — cash, a 203(k)-style loan, or trades you trust — the dated tier is one of the genuinely good value propositions in Central Ohio right now. If you need move-in ready, budget at the $183 pending rate rather than the $174 blended average, because that is what finished homes are commanding.

Either way, inspect hard. A 22% per-foot discount on a 1970s house is the market pricing in work someone will have to do. Find out what it is before you commit, not after.

What This Means If You Are Selling

If your home is updated, do not let the $174 citywide average anchor your price. That figure blends renovated homes with dated ones and understates what finished product is achieving. The pending cohort is at $183 a foot and climbing, and a 1,700-square-foot updated home should be priced against that tier, not the blend.

If your home is dated, the reverse discipline applies. The active pool at $135 a foot averaging 100 days on market is the company you will keep, and buyers in that tier are pricing in a renovation budget whether you acknowledge it or not. Either invest in the improvements that move you into the $183 tier, or price honestly for the tier you are in — the middle ground is where listings go to sit.

Sellers who get this right collect 99.2% of asking in 59 days.

How Reynoldsburg Compares Nearby

Buyers shopping this price point commonly weigh Pickerington, Canal Winchester and Blacklick alongside Reynoldsburg. Our other Central Ohio reports cover Pickerington, Canal Winchester and Columbus with the same MLS breakdown.

Frequently Asked Questions

What does a typical house cost in Reynoldsburg, Ohio?

Recent closings averaged $292,961 across 355 sales, and the 50 shown in detail have a median of $299,900, reaching $525,000 at the top. At the 6.65 percent rate Freddie Mac reported on August 20, 2026, with 20 percent down, $299,900 works out to roughly $1,540 a month in principal and interest.

Do Reynoldsburg sellers get their asking price?

Yes. The median sale-to-list ratio across the detailed closings is exactly 100.0 percent with an aggregate of 99.5 percent, and 43 of the 50 landed within five points of asking. The range runs only from 92 to 106 percent.

How fast do homes sell in Reynoldsburg?

Recent closings averaged 58 days on market, among the quickest of the Columbus-area markets covered here. The 72 homes under contract went pending in an average of 67 days, while the 96 listings still available have been out an average of 101.

Why do the current listings ask less than recent sales achieved?

The 96 active listings average $244,346 at $134 per square foot, below both the $292,961 closed average and the $174 per square foot the market has been paying. That is unusual, and it means the current shelf is smaller and more modest housing than what has been trading rather than a market in decline.

Is Reynoldsburg a buyer market or a seller market?

Close to balanced at 1.33 active listings per pending sale, tighter than the Columbus MLS as a whole. Sales close quickly and at full asking price, so a well-presented house here does not sit.

How does Reynoldsburg compare with nearby markets?

Reynoldsburg at $292,961 and $174 per square foot matches Etna exactly on price per foot and sits below Canal Winchester at $357,806 and $182 and Pickerington at $463,638 and $184. Columbus itself averages $325,625 at $195.

Get a Personalized Reynoldsburg Market Analysis

A citywide average cannot tell you what your home is worth, and in a market split this cleanly by condition it is more likely to mislead than help. A 1960s ranch in Brookside, a newer build at Woods at Slate Ridge and an updated home in Deerfield Estates are three different markets sharing one ZIP code — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Reynoldsburg Ohio Real Estate Market Report (live MLS data); Columbus REALTORS® Central Ohio Housing Report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Reynoldsburg

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Aug. 24, 2026

Canal Winchester Ohio Real Estate Market Report – August 2026

If you are thinking about selling in Canal Winchester, there is a real chance your home is worth more than the comparable sales say. Homes that closed recently went for $182 per square foot. Homes that just went under contract are priced at $236 — 30% higher, on homes that are actually slightly smaller. Any valuation built on closed comps here is describing a market that has already moved.

Below is the full August 2026 picture for Canal Winchester real estate — active inventory, pending contracts, closed sales, price per square foot and days on market — and how to read it without being misled.

Canal Winchester Ohio Market Snapshot – August 2026

These figures come from live MLS data for the Canal Winchester market area, covering active, pending and recently closed residential listings.

Market Metric	Active	Pending	Sold
Number of Properties	107	61	344
Average List Price	$476,700	$518,743	$360,030
Average Sold Price	—	—	$358,684
Average Bedrooms	3.4	3.3	3.3
Average Bathrooms	2.8	2.8	2.7
Average Living Area	2,310 sq ft	1,951 sq ft	1,970 sq ft
Average Price per Sq Ft	$199	$236	$182
Average Days on Market	97	85	64

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

Why Your Comps May Be Understating Your Home

The pending column sits 30% above the sold column on a per-square-foot basis, and it is not a size illusion. Pending homes average 1,951 square feet against 1,970 for sold homes — essentially identical. Same size of house, fifty-four more dollars per foot.

In dollar terms the average pending list price is $518,743 against $358,684 for the average closed sale — a 45% difference on comparable square footage.

Pending sales reflect what buyers agreed to in the past few weeks. Closed sales reflect deals struck months ago. When the two diverge this far, the honest conclusion is that Canal Winchester repriced upward sharply and the closed figures have not caught up.

The practical consequence for a seller: automated valuations, tax assessments and any CMA built on closed data are all working from the old number. That is not a reason to price fantastically, but it is a reason to insist your pricing conversation include the pending cohort.

An Honest Caveat on the Sample

Only 61 listings are pending — a small enough sample that a handful of high-end transactions can move the average meaningfully. Treat the direction as reliable and the exact magnitude as approximate.

The most likely driver is newer, larger-lot product in the developments on the city's growing edges. If your home is 1990s stock near downtown, the citywide pending figure is not a promise about your street. Verify at the neighborhood level before you price.

Active Listings Sit Between the Two — Closer to the Old Market

Active inventory is priced at $199 per square foot: above the $182 that recently closed, but well below the $236 buyers are currently committing to.

That is an unusual position. In most markets active listings ask the most and pending sales settle lower. Here it is reversed, which suggests some sellers on the market today priced off older comparables and are now asking less per foot than the market is paying.

The 97-day average on those active listings complicates it — some are sitting for reasons unrelated to price, whether condition, location or lot. But for a buyer willing to do the arithmetic, listings near $199 in a market transacting at $236 deserve a close look.

Sellers Get 99.6% of Asking

344 homes closed in this market area over the reporting period. Across recent closed sales, homes listed at $360,030 and sold at $358,684 — a sale-to-list ratio of 99.63%, an average concession of $1,346. There is no systematic discount here; an accurately priced home gets paid.

With 107 active listings against 61 pending, the active-to-pending ratio is 1.75 — inside balanced territory but on the tighter side. Homes now under contract took 85 days against 64 for closed sales, a 21-day widening that says the pace eased somewhat over the summer even as prices moved up. Browse current Canal Winchester homes for sale to compare what is available against what has been going under contract.

Central Ohio and Mortgage Rate Context

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 — a 6.3% increase from a year earlier. Regional inventory stood at 6,193 single-family homes and condominiums, a 2.4-month supply. Canal Winchester's $358,684 average sold price sits close to that regional figure — but if the pending data is any guide, the next reporting period is likely to show this market above the metro rather than in line with it.

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 straight weekly decline. The 15-year averaged 5.95%. Both sit modestly above year-ago levels of 6.58% and 5.69%, so this is drift rather than relief. At 6.65% with 20% down, the $358,684 average sale price works out to roughly $1,842 a month in principal and interest before taxes and insurance. At the $518,743 the pending cohort carries, that calculation runs closer to $2,664 — a useful illustration of how far this market has moved.

Canal Winchester Market Breakdown by Property Type

Single-family homes. The core of the market and nearly all of the 344 closed sales, centered on three-bedroom homes near 1,970 square feet. Start with homes for sale in Canal Winchester, Ohio.
Condos and low-maintenance living. A smaller segment locally, and an increasingly relevant one as detached prices climb. Compare Canal Winchester condos for sale.
New construction. The most likely explanation for the pending-versus-sold divergence above, and the segment to examine first to understand where this market is heading. See new construction homes in Canal Winchester.
Lots and land. Still genuinely available on the southeastern edge, which is what has allowed the recent wave of development. Browse Canal Winchester lots and land.
Commercial property. The historic downtown and the Gender Road corridor trade on fundamentals separate from the residential figures above. Review Canal Winchester commercial real estate.
Multi-family and investment. Limited supply in a market with rising prices and steady rental demand from the southeast Columbus corridor. See Canal Winchester multi-family and investment property.
Distressed and below-market. Scarce at a 99.6% sale-to-list ratio, and especially valuable in a market repricing upward. Check Canal Winchester foreclosures and distressed sales.

Featured Canal Winchester Subdivisions

A citywide average of $182 per square foot blends established neighborhoods with brand-new development, and in a market moving this quickly that blend is especially misleading. The Shannon Lakes communities and the newer sections around Schirm Farms follow very different curves from the older streets near downtown. Neighborhood data is where the number that applies to you actually lives:

Abbie Trails · Ashbrook · Cherry Landing · Cobbleton Grove · Eagle Ridge · Essex Place · Gender Park · Greensview Village · Hummel Grove · Jefferson Farms · Longwood · Shannon Green · Slate Ridge · The Hamptons at Shannon Lakes · The Meadows at Shannon Lakes · Turning Stone · Village at Abbie Trails · Village at Schirm Farms · Villages at Winchester · Winchester Highlands

What This Means If You Are Selling

Your comparable sales are working against you. If your agent prices off closed data at $182 per square foot, you may be leaving real money on the table in a market where contracts are being written at $236.

The disciplined approach is to price against the pending cohort rather than the sold one, then verify it against your specific neighborhood — the citywide averages blend new construction with 1990s stock and will mislead in both directions. A 1,970-square-foot home priced off closed comps lands near $359,000; the same home priced against current contracts could support considerably more.

The 99.6% sale-to-list ratio says buyers are not grinding sellers down, so an accurate price gets paid. Just make sure “accurate” reflects this month's market rather than last winter's.

What This Means If You Are Buying

Stop anchoring on recent sold comps. The $358,684 average that shows up in every automated valuation describes transactions negotiated months ago, and buyers under contract right now are paying 30% more per square foot. An offer built off stale comps will simply be uncompetitive.

Where that creates opportunity is the active pool. At $199 per square foot, today's listings are priced closer to the old market than the new one. Divide asking by square footage on everything you tour — anything near $199 in a market transacting at $236 is worth moving on quickly, provided condition and location justify it.

Do check why a listing has been sitting. With active inventory averaging 97 days, some homes are cheap per foot for reasons that will become your problem. Cheap per square foot and genuinely underpriced are not the same thing.

How Canal Winchester Compares Nearby

Buyers in this corridor commonly weigh Pickerington, Groveport and Reynoldsburg against Canal Winchester. Our other Central Ohio reports cover Pickerington, Reynoldsburg and Lancaster with the same MLS breakdown.

Frequently Asked Questions

What does a typical house cost in Canal Winchester, Ohio?

Recent closings averaged $357,806 across 344 sales, and the 50 shown in detail have a median of $360,000. At the 6.65 percent rate Freddie Mac reported on August 20, 2026, with 20 percent down, $360,000 works out to roughly $1,849 a month in principal and interest.

Do Canal Winchester sellers get their asking price?

Almost without exception. Forty-nine of the 50 detailed closings landed within five points of asking, with a median of exactly 100.0 percent and an aggregate of 99.9 percent. The entire range runs from 94 to 105 percent, one of the tightest bands of any market in this series.

How long does it take to sell a home in Canal Winchester?

Recent closings averaged 65 days on market. The 61 homes under contract took 85 days to go pending, and the 106 listings still available have been out an average of 98, so the current pipeline is moving more slowly than the settled record.

Is Canal Winchester a buyer market or a seller market?

Buyer-leaning at 1.74 active listings per pending sale, with the current shelf averaging 98 days on market. The pricing record is exceptionally firm, though, so the leverage is in choosing among listings rather than negotiating below the comparables.

Why are the homes under contract more expensive than what has sold?

The 61 pending sales average $517,923 at $234 per square foot, well above the $357,806 closed average and $182 per square foot. Buyers have been absorbing the larger newer construction, which will push the reported averages up in the next cycle.

How does Canal Winchester compare with nearby markets?

Canal Winchester at $357,806 and $182 per square foot sits below Pickerington at $463,638 and $184 and Lithopolis at $401,002 and $194, and above Reynoldsburg at $292,961 and $174. All four are Columbus MLS markets on the southeast side.

Get a Personalized Canal Winchester Market Analysis

A citywide average cannot tell you what your home is worth, and in a market repricing this quickly it is more likely to mislead than help. A home in The Meadows at Shannon Lakes, a newer build at Village at Schirm Farms and an older property near downtown are three separate markets sharing one ZIP code — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Canal Winchester Ohio Real Estate Market Report (live MLS data); Columbus REALTORS® Central Ohio Housing Report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Market data is a snapshot in time and subject to change.

Posted in Market Updates, OH-Canal Winchester

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Aug. 23, 2026

Lancaster Ohio Real Estate Market Report – August 2026

At $292,446 average, Lancaster is one of the two most attainable markets in Central Ohio — roughly 16% below the regional median and well under half what the northern suburbs command. Pair that with 171 active listings, 101 days of average market time on those listings, and homes closing below 99% of asking, and you get something genuinely rare in this region right now: affordability and selection and negotiating room, all at once.

Here is the full August 2026 picture for Lancaster real estate — active inventory, pending contracts, closed sales, price per square foot and days on market — and what each number means depending on which side of the transaction you are on.

Lancaster Ohio Market Snapshot – August 2026

These figures come from live MLS data for the Lancaster market area, covering active, pending and recently closed residential listings.

Market Metric	Active	Pending	Sold
Number of Properties	171	90	446
Average List Price	$366,313	$287,521	$295,497
Average Sold Price	—	—	$292,446
Average Bedrooms	3.4	3.1	3.1
Average Bathrooms	2.4	1.9	2.1
Average Living Area	2,106 sq ft	1,594 sq ft	1,795 sq ft
Average Price per Sq Ft	$191	$179	$177
Average Days on Market	101	71	66

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

The Value Case, Stated Plainly

The regional median sale price is $350,000. Lancaster's average closed sale is $292,446 — and it buys 1,795 square feet with 3.1 bedrooms. The same monthly payment that buys a modest home in the Franklin County ring buys a full family house here, inside a county with its own tax structure and a historic downtown that most Columbus suburbs cannot replicate.

The tradeoff is the commute, and it is a real one. Lancaster works for buyers whose jobs are in Fairfield County, who work hybrid, or who have decided the drive is worth the difference in what they own at the end of it. For those buyers the math is not close.

Buyers Are Trading Square Footage for Payment Stability

Now the finding that defines this market. Compare the pending column with the sold column and the price barely moves — $287,521 asked on pending homes against $292,446 achieved on closed ones. The per-foot rate barely moves either: $179 against $177.

What moves is size. Pending homes average 1,594 square feet against 1,795 for sold homes — 201 fewer feet, an 11% reduction. Bathrooms drop as well, from 2.1 to 1.9.

Buyers are not paying less. They are buying less. That is what an affordability ceiling looks like in practice: with rates near 6.65%, the monthly payment is the binding constraint, and when the rate per foot holds firm the only variable left to adjust is how much house you take.

Genuine Negotiating Room: Below 99% of Asking

446 homes closed in this market area over the reporting period. Across recent closed sales, Lancaster homes listed at $295,497 and sold at $292,446 — a sale-to-list ratio of 98.97%, an average concession of $3,051.

Most Central Ohio submarkets are closing between 99% and 100.6% of asking, where the concession is measured in hundreds of dollars. Lancaster sits below that band. Not a dramatic discount, but a real one — and it means an offer below asking here is a normal opening move rather than an insult.

Asking Prices Carry an 8% Per-Foot Premium

Active listings are priced at $191 per square foot against the $177 closed sales achieved — a premium of 7.9%. Some of the $73,867 gap between the $366,313 average asking price and the $292,446 average sale is size, since active homes average 2,106 square feet against 1,795. But size does not explain the per-foot difference.

The consequence shows on the clock. Active listings have been sitting 101 days on average against 66 for homes that actually sold. The listings priced above the market are the ones accumulating time, and in a market where buyers are already stretched on affordability, an 8% per-foot premium is a lot to ask.

Selection: 1.90 Active Listings per Pending Sale

171 active listings against 90 pending puts the ratio at 1.90, comfortably inside balanced territory and among the healthier selection figures in the region. Combined with the negotiating room above, buyers here have both options and leverage — an unusual pairing this cycle. Browse current Lancaster homes for sale to see what 171 listings looks like at this price point.

Central Ohio and Mortgage Rate Context

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 — a 6.3% increase from a year earlier. Regional inventory stood at 6,193 single-family homes and condominiums, a 2.4-month supply. Lancaster's $292,446 average sold price runs roughly 16% below that figure, which is the city's core appeal: a historic downtown, Fairfield County taxes and a genuine price advantage over the Franklin County ring, within commuting distance of the Columbus job market.

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 straight weekly decline. The 15-year averaged 5.95%. Both sit modestly above year-ago levels of 6.58% and 5.69%, so this is drift rather than relief. At 6.65% with 20% down, the $292,446 average sale price works out to roughly $1,502 a month in principal and interest before taxes and insurance. That payment is precisely the constraint driving the square-footage trade-off above.

Lancaster Market Breakdown by Property Type

Single-family homes. Effectively the whole market, centered on three-bedroom homes near 1,800 square feet at some of the most attainable prices in the region. Start with homes for sale in Lancaster, Ohio.
Condos and low-maintenance living. A small but useful segment, increasingly relevant given how squarely buyers are focused on holding the payment down. Compare Lancaster condos for sale.
New construction. Builder inventory carries a legitimate premium over the $177 resale rate, and separating it out matters before concluding a listing is overpriced. See new construction homes in Lancaster.
Lots and land. Fairfield County acreage is a different market from in-town lots, and some of the higher asking prices in the active pool sit on unusual parcels. Browse Lancaster lots and land.
Commercial property. The historic downtown and the Memorial Drive corridor trade on fundamentals separate from the residential figures above. Review Lancaster commercial real estate.
Multi-family and investment. Low entry prices plus steady rental demand make Lancaster one of the more workable small-multi markets in Central Ohio. See Lancaster multi-family and investment property.
Distressed and below-market. More available here than in the higher-priced suburbs, and worth watching in a market with genuine negotiating room. Check Lancaster foreclosures and distressed sales.

Featured Lancaster Subdivisions

A citywide average of $177 per square foot blends very different housing stock. Established neighborhoods like Colonial Heights and Wacker Heights trade on mature lots and mid-century floor plans, while newer developments such as Rush Creek Estates and The Sanctuary at Wesley Hills sell more recent construction at their own rate. Neighborhood data is where the number that applies to you actually lives:

Brentwood · Collegeview Estates · Colonial Heights · Creekside Estates · Crestview Manor · Hickory Ridge Estates · Independence Commons · Lancaster Campground · Lenmar · Meadow Ridge · Misty Meadows · Overlook · Pine Lake Estates · Pioneer · River Valley · Rush Creek Estates · Stonington Village · The Sanctuary at Wesley Hills · Villas at Sherman Bluff · Wacker Heights

What This Means If You Are Buying

You have more leverage here than in most of Central Ohio. A 98.97% sale-to-list ratio, a 1.90 active-to-pending ratio and 101-day active inventory all point the same direction. Open below asking and expect to land somewhere near $3,000 under — that is what the average transaction actually does.

Point that leverage at the overpriced listings. Divide asking by square footage and compare to $177. Anything approaching $191, the active average, is priced where the market has been declining to buy, and those sellers are three months into carrying costs.

One thing worth resisting: the instinct to shrink. The pending data shows buyers accepting 200 fewer square feet to hold their payment. That is a rational short-term move with a long-term cost. Before giving up a bedroom, run the numbers on a slightly longer search for a larger home priced near $177 a foot. In a market with 171 listings and real negotiating room, that home exists.

What This Means If You Are Selling

Price at $177 per square foot, not at what your neighbors are asking. A 1,800-square-foot home starts near $292,000. The active pool asks $191 a foot and averages 101 days on market — those two facts are the same fact.

Understand who your buyer is. They are payment-constrained, they are already accepting less space than last year's buyers did, and they have 170 other options. That buyer does not stretch for an aspirational price; they move to the next listing. Meeting the market on day one is worth more here than in any of the higher-priced suburbs.

And budget for a concession. Unlike most of the region, Lancaster buyers do negotiate, and roughly $3,000 off asking is the normal outcome rather than a failure.

How Lancaster Compares Nearby

Buyers shopping Lancaster on price often also look at Pickerington, Canal Winchester and Reynoldsburg as they trade commute against cost. Our other Central Ohio reports cover Canal Winchester, Reynoldsburg and Columbus with the same MLS breakdown.

Frequently Asked Questions

What does a typical house cost in Lancaster, Ohio?

Recent closings averaged $290,015 across 447 sales, and the 50 shown in detail have a median of $280,000, reaching $1,008,000 at the top. At the 6.65 percent rate Freddie Mac reported on August 20, 2026, with 20 percent down, $280,000 works out to roughly $1,438 a month in principal and interest.

Do Lancaster sellers get their asking price?

On the typical sale, exactly. The median sale-to-list ratio across the detailed closings is 100.0 percent with an aggregate of 98.9 percent, and 35 of the 50 landed within five points of asking. One record carries a placeholder list price and is excluded from that calculation.

How long does it take to sell a home in Lancaster?

Recent closings averaged 65 days on market. The 94 homes under contract went pending in an average of 70 days, while the 165 listings still available have been out an average of 103, which suggests a share of the current shelf is priced above what buyers are accepting.

Is Lancaster a buyer market or a seller market?

Buyer-leaning at 1.76 active listings per pending sale. With 165 listings in a city of about 40,000 and an average listing age of 103 days, buyers have both choice and time, particularly above the $280,000 median.

What is the price per square foot in Lancaster?

Recent closings achieved $176 per square foot on an average living area of 1,791 square feet. Active listings ask $193 and pending sales are at $183, so the shelf is asking a premium of roughly ten percent per foot over what has been trading.

How does Lancaster compare with nearby Fairfield County markets?

Lancaster at $290,015 and $176 per square foot sits below Lithopolis at $401,002 and $194, Bremen at $265,110 and $180, and Pickerington at $463,638 and $184. It is the volume market of the county, with 447 recent closings against a few dozen in the villages around it.

Get a Personalized Lancaster Market Analysis

A citywide average cannot tell you what your home is worth. A mid-century home in Colonial Heights, a newer build in Rush Creek Estates and a villa at Sherman Bluff are three different markets sharing one ZIP code — each with its own per-foot rate, buyer pool and days-on-market reality.

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

Sources: Lancaster Ohio Real Estate Market Report (live MLS data); Columbus REALTORS® Central Ohio Housing Report, July 2026; Freddie Mac Primary Mortgage Market Survey, August 20, 2026. Market data is a snapshot in time and subject to change.

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