Marengo Housing Market Report December 2024•Morrow County, Ohio

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Housing Prices in Marengo, OH

How much do homes in Marengo, OH cost?

Housing Market Conditions

Is Marengo, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Marengo is a Neutral Market

Difference Since December 2023

At the same time last year, Marengo was a Seller's Market.

Insight

Marengo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$440,000$204/SqFt
+$120,000
+37.5%

Based on all homes sold in the last 12 months

Insight

Homes in Marengo have sold for 37.5% more than they did a year ago.

Summary: The median home sold price in Marengo was $440,000 in December 2024, up 37.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1-$420K
N/A
2$310K$700K
+125.8%
3$307K$433.5K
+41.2%
4$390K$385K
-1.3%
5$375K$508.4K
+35.6%

Summary: Marengo housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +125.8%. The home price for 3 bedroom homes increased by +41.2%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes increased by +35.6%.

Housing supply in Marengo, OH

How many homes are available in Marengo, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
6Last MonthDec 2024
102 months agoNov 2024
-40.0 %
Change MoMNov – Dec

Summary: The Marengo real estate market had 6 homes for sale in Dec 2024, a 40.0 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthDec 2024
52 months agoNov 2024
-80.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
221
-50.0%
333
0.0%
442
-50.0%
510
-100.0%

Summary: Marengo housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes decreased by -100.0%.

Asking Price vs. Sold Price

How much do homes in Marengo, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Marengo, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Marengo in December 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Marengo, OH

How long does it take to sell a home in Marengo, OH?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Marengo has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Marengo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
58 DaysThis YearDec 2024
30 Days1 year agoDec 2023
+93.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Marengo had an average listing age of 58 days in Dec 2024, up by 93.3% compared to the previous year.

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Newest Listings in Marengo, OH

What homes are available in Marengo, OH?

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, for the period 01/01/2023 - 01/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.