How Does the Real Estate Market in Ohio Compare to the Other 49 States in the U.S.?|Bonnie Wu

·December 21, 2024
How Does the Real Estate Market in Ohio Compare to the Other 49 States in the U.S.

Homes in Ohio remain more affordable than in most other places. According to data from the real estate website Redfin, as of April 2022, the median home price in Ohio was $221,200—over $175,000 less than the national median home price of $396,700.

Compared to 2021, Ohio’s housing prices increased by 10.38%, whereas home values across the entire country saw an average increase of 15%. In the Greater Cleveland area, home sale prices tend to be higher. The highest was in Geauga County, which peaked at $410,000 in mid-April. This was followed by Medina County and Portage County, where home values at the end of April were $290,000 and $225,000, respectively.

Among the seven regions within Greater Cleveland, the median difference between listing prices and actual sales prices in May was approximately 1.53%. This indicates that buyers often pay more than the listing price, showing strong investor confidence in Ohio’s real estate market.

Original document

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  2. Hudson Ohio Real Estate Market Trends: Is Now the Time to Invest?

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US$480,000

E Shore Blvd, Timberlake, OH

US$198,000

Northfield Rd, Bedford, OH

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