Is Trumbull County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Trumbull County has remained a Seller's Market.
Key Takeaway
Trumbull County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trumbull County, OH
How much do homes in Trumbull County, OH cost?
Median Sold Price
$147,685
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trumbull County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Trumbull County was $147,685 in May 2024, up 3.7% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $63K | +57.5% |
| 2 Bedrooms | $104.6K | $105.6K | +1.0% |
| 3 Bedrooms | $142.7K | $149.9K | +5.1% |
| 4 Bedrooms | $185K | $199.6K | +7.9% |
| 5+ Bedrooms | $196K | $240K | +22.4% |
Summary: Trumbull County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Counties
| Mahoning County | $143.7K | $157.6K | +9.7% |
| Ashtabula County | $149.9K | $162.3K | +8.3% |
| Mercer County | $140.6K | $151.3K | +7.6% |
| Portage County | $232.8K | $250.3K | +7.5% |
| Trumbull County | $142.3K | $147.6K | +3.7% |
Housing Supply in Trumbull County, OH
How many homes are available in Trumbull County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 516 | 537 | +4.1% |
Summary: The Trumbull County real estate market had 537 homes for sale in May 2024, a 4.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 98 | 108 | +10.2% |
| 3 Bedrooms | 294 | 304 | +3.4% |
| 4 Bedrooms | 98 | 92 | -6.1% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Trumbull County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 142 | 166 | +16.9% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trumbull County, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.
Summary: A total of 166 homes were sold or pending in Trumbull County in May 2024, up by 16.9% month-over-month. Of the 166 sold homes, 51% were sold under asking, 15% were sold at asking, and 34% were sold over asking.
Days on Market for Trumbull County, OH
How long does it take to sell a home in Trumbull County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 42 Days | +14.1% |
Summary: Homes in Trumbull County had an average of 42 days on market in May 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trumbull County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 166 homes were sold in Trumbull County; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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