New - 15 minutes on Rocket
$2,018 Closing Credit¹
Taylor Piatt, Listing Office: Keller Williams Chervenic Rlty
Summit County Housing Market Report December 2024•Summit County, Ohio
Housing Prices in Summit County, OH
How much do homes in Summit County, OH cost?
Housing Market Conditions
Is Summit County, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Summit County is a Seller's Market
Difference Since December 2023
Since last year, Summit County has remained a Seller's Market.
Insight
Summit County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$204,049$132/SqFt
+$19,051
+10.3%
Based on all homes sold in the last 12 months
Insight
Homes in Summit County have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Summit County was $204,049 in December 2024, up 10.3% from last year, and the median price per square foot was $132.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Stark County | $190K | $210.5K | +10.8% |
| Summit County | $184.9K | $204K | +10.3% |
| Cuyahoga County | $187.4K | $199.9K | +6.7% |
| Portage County | $241.3K | $255.5K | +5.9% |
| Medina County | $309.9K | $324.9K | +4.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $78.5K | $87.5K | +11.5% |
| 22 Bedrooms | $125K | $143.5K | +14.9% |
| 33 Bedrooms | $179.1K | $196.1K | +9.5% |
| 44 Bedrooms | $289.6K | $309.6K | +6.9% |
| 55+ Bedrooms | $300K | $343.6K | +14.6% |
Summary: Summit County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +11.5%. The home price for 2 bedroom homes increased by +14.9%. The home price for 3 bedroom homes increased by +9.5%. The home price for 4 bedroom homes increased by +6.9%. The home price for 5 bedroom homes increased by +14.6%.
Housing supply in Summit County, OH
How many homes are available in Summit County, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,604Last MonthDec 2024 | ||
| 1,8262 months agoNov 2024 | -12.2 % Change MoMNov – Dec |
Summary: The Summit County real estate market had 1,604 homes for sale in Dec 2024, a 12.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 443Last MonthDec 2024 | ||
| 4942 months agoNov 2024 | -10.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 24 | 24 | 0.0% |
| 22 Bedrooms | 316 | 280 | -11.4% |
| 33 Bedrooms | 886 | 798 | -9.9% |
| 44 Bedrooms | 477 | 399 | -16.4% |
| 55+ Bedrooms | 123 | 103 | -16.3% |
Summary: Summit County 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 -11.4%. The inventory for 3 bedroom homes decreased by -9.9%. The inventory for 4 bedroom homes decreased by -16.4%. The inventory for 5 bedroom homes decreased by -16.3%.
Asking Price vs. Sold Price
How much do homes in Summit County, OH cost?
Over Asking Price137 Homes
At Asking Price77 Homes
Under Asking Price224 Homes
Insight
If you're buying a home in Summit County, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 443 homes were sold or pending in Summit County in December 2024, down by 10.3% month-over-month. Of the 438 sold homes, 51% were sold under asking, 18% were sold at asking, and and 31% were sold over asking.
Days on Market for Summit County, OH
How long does it take to sell a home in Summit County, OH?
Breakdown of Home Sale Times
Under 30 Days241 Homes
30 – 90 Days168 Homes
Over 90 Days34 Homes
Insight
Many homes in Summit County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 443 homes were sold in Summit County; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 35 DaysThis YearDec 2024 | ||
| 36 Days1 year agoDec 2023 | -3.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Summit County had an average listing age of 35 days in Dec 2024, down by 3.5% compared to the previous year.
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Newest Listings in Summit County, OH
What homes are available in Summit County, OH?
New - 1 hour on Rocket
$2,611 Closing Credit¹
Justin T Aikens, Listing Office: Keller Williams Chervenic Rlty
New - 1 hour on Rocket
1.25% Closing Credit Back¹
Brooks E Ames, Listing Office: Kiko
New - 2 hours on Rocket
$3,561 Closing Credit¹
Dayna Edwards, Listing Office: EXP Realty, LLC.
New - 3 hours on Rocket
$2,255 Closing Credit¹
Tyson T Hartzler, Listing Office: Keller Williams Chervenic Rlty
New - 3 hours on Rocket
$1,663 Closing Credit¹
Danielle Brown, Listing Office: RE/MAX Trends Realty
New - 5 hours on Rocket
$1,009 Closing Credit¹
Alexander White, Listing Office: Snyder & Snyder Real Estate
New - 5 hours on Rocket
$5,344 Closing Credit¹
Darlene Hall, Listing Office: Keller Williams Chervenic Rlty
New - 5 hours on Rocket
$1,722 Closing Credit¹
Kayla Kerstetter, Listing Office: EXP Realty, LLC.
New - 16 hours on Rocket
$2,197 Closing Credit¹
Jeff Tyger, Listing Office: EXP Realty, LLC.
New - 20 hours on Rocket
$1,045 Closing Credit¹
Debbie L Ferrante, Listing Office: RE/MAX Edge Realty
New - 20 hours on Rocket
$1,661 Closing Credit¹
Carla Herbert, Listing Office: Harvest Home Realty, Corp.
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MLS Disclaimers and Copyright
Based on information from MLS Now, and Columbus and Central Ohio Regional MLS for the period 01/01/2023 - 01/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.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, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.