Is Centerville, 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, Centerville has remained a Seller's Market.
Key Takeaway
Centerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville, OH
How much do homes in Centerville, OH cost?
Median Sold Price
$294,587
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centerville have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Centerville was $294,587 in May 2024, up 8.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | $138.5K | -4.4% |
| 2 Bedrooms | $167.4K | $171.9K | +2.7% |
| 3 Bedrooms | $272K | $298.5K | +9.7% |
| 4 Bedrooms | $328.5K | $367.5K | +11.9% |
| 5+ Bedrooms | $393.5K | $390K | -0.9% |
Summary: Centerville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Bellbrook | $312.4K | $395K | +26.4% |
| Washington Township | $305K | $334.6K | +9.7% |
| Centerville | $270.5K | $294.5K | +8.9% |
| Sugarcreek Township | $433.5K | $464.6K | +7.2% |
| Kettering | $219.8K | $229.7K | +4.5% |
Housing Supply in Centerville, OH
How many homes are available in Centerville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 89 | +27.1% |
Summary: The Centerville real estate market had 89 homes for sale in May 2024, a 27.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 31 | +34.8% |
| 3 Bedrooms | 28 | 37 | +32.1% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Centerville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Centerville in May 2024, down by 6.9% month-over-month. Of the 27 sold homes, 30% were sold under asking, 44% were sold at asking, and 26% were sold over asking.
Days on Market for Centerville, OH
How long does it take to sell a home in Centerville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +0.8% |
Summary: Homes in Centerville had an average of 42 days on market in May 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Centerville has remained consistent over time.
Summary: During May 2024, 27 homes were sold in Centerville; 11% of homes were sold within 30 days, 89% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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