Is Grafton, 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, Grafton has remained a Seller's Market.
Key Takeaway
Grafton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grafton, OH
How much do homes in Grafton, OH cost?
Median Sold Price
$252,750
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grafton have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in Grafton was $252,750 in May 2024, down 15.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $273.9K | $105.5K | -61.5% |
| 3 Bedrooms | $285K | $245.5K | -13.9% |
| 4 Bedrooms | $298K | $260K | -12.8% |
| 5+ Bedrooms | $521.5K | $252.5K | -51.6% |
Summary: Grafton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.5%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 51.6%.
Median Sold Price Compared To Nearby Cities
| Eaton Township | $179K | $220.2K | +23.0% |
| Columbia Station | $425K | $440K | +3.5% |
| Carlisle Township | $250K | $246.7K | -1.3% |
| Grafton Township | $298.5K | $253.5K | -15.1% |
| Grafton | $298K | $252.7K | -15.2% |
Housing Supply in Grafton, OH
How many homes are available in Grafton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Grafton real estate market had 37 homes for sale in May 2024, a 23.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Grafton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grafton, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Grafton in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Grafton, OH
How long does it take to sell a home in Grafton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -12.6% |
Summary: Homes in Grafton had an average of 26 days on market in May 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grafton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Grafton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 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.