Is Utica, 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, Utica has remained a Seller's Market.
Housing Prices in Utica, OH
How much do homes in Utica, OH cost?
Median Sold Price
$220,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Utica was $220,000 in May 2024, up 15.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $97.9K | -45.6% |
2 Bedrooms | $160K | $160K | 0.0% |
3 Bedrooms | $200K | $192K | -4.0% |
4 Bedrooms | $169K | $265K | +56.8% |
5+ Bedrooms | $410K | $480K | +17.1% |
Summary: Utica housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Utica | $190K | $220K | +15.8% |
Washington Township | $188.7K | $180K | -4.6% |
Housing Supply in Utica, OH
How many homes are available in Utica, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Utica real estate market had 15 homes for sale in May 2024, a 11.8% decrease 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 | 3 | 1 | -66.7% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Utica 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 decreased by 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Utica in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Utica, OH
How long does it take to sell a home in Utica, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 52 Days | +2500.0% |
Summary: Homes in Utica had an average of 52 days on market in May 2024, up by 2500% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Utica; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.