Summit County, OH Home Values & Market Trends

The median home price in Summit County, OH is $195,454.64. There were 11,845 home sales in Summit County, OH over the past 12 months. The median residential Summit County, OH home value for transactions over the previous year is $128,098.221. The number of current listings in Summit County, OH is 77, and the percentage of properties for sale is 77.00%. The county has 296 foreclosures, 40 bank owned properties, 120 headed for auction, and 77 properties for sale.

Summit County, OH Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Akron

$ 86,021

$ 75/sqft

Northfield

$ 378,021

$ 144/sqft

Cuyahoga Falls

$ 198,379

$ 129/sqft

Tallmadge

$ --

$ --

Twinsburg

$ 205,638

$ 143/sqft

Peninsula

$ --

$ --

Hudson

$ 410,177

$ 157/sqft

Lakemore

$ --

$ --

Barberton

$ 123,288

$ 124/sqft

Munroe Falls

$ --

$ --

Richfield

$ 1,353,925

$ 201/sqft

Clinton

$ --

$ --

Stow

$ 222,073

$ 165/sqft

Macedonia

$ --

$ --

Housing Market Summary for Summit County, OH

Mar 2023February 2024Change
Median Listing Price$158.4K$182.2K15.00%
Median Sold Price$178.5K$182.2K2.10%
Homes For Sale74175-89.88%
Homes Sold6,9047,5599.49%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Summit County, OH

Summit County, OH home values range from $16,998 to $15,459,083. Richfield is the priciest city with a median listing home price of $1,298,000, and Akron is most affordable with average house prices of around $70,000.

Foreclosure
There are 14 cities within Summit County, OH; within these cities, the median estimated home value for homes in foreclosure ranges from $593,640 in Akron to the lowest value of $35,356 in Akron. Foreclosure homes account for 0.00% of properties in Summit County, OH with Akron containing 168 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Summit County, OH with Akron containing 69 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 14 cities within Summit County, OH; of those cities, the estimated home value for pre-foreclosure homes ranges from $334,250 in Richfield to the lowest home value of $37,643 in Akron.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Summit County, OH ranges from the highest value of $192,539 in Stow to the lowest value of $44,900 in Akron. Bank owned homes and properties account for 0.02% of properties in Summit County, OH. There are 14 cities within Summit County, OH; Akron containing 26 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Akron has 73 auction properties, the highest number of properties going to auction in a single city in the state of Summit County, OH. Auction homes and other auction properties account for 0.06% of all properties in Summit County, OH. There are 14 cities within Summit County, OH; of those cities, the median estimated home value for homes going to auction ranges from $441,271 in Twinsburg to the lowest value of $35,356 in Twinsburg.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.04% of residential properties in Summit County, OH with Akron containing 39 homes for sale, the highest number of listed properties in a single city. There are 14 cities within Summit County, OH; homes for sale in those cities, have a range of median values from $378,021 in Northfield to the lowest value of $32,147 in Akron.
    Sold Homes
    The median value for recently sold homes ranges from $441,278 in Munroe Falls to the lowest price of $17,957 in Munroe Falls. There are 14 cities within Summit County, OH. Akron has 3211 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.75% of properties in Summit County, OH.

      Compare Nearby Cities

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      Guide for Summit County, OH

      Market Reports
      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports
      Cincinnati Real Estate Market Show Consistent Growth in 2023
      Home Buying Guides & Tips
      Ohio Foreclosure Laws
      Investing Strategies
      How To Decide Which Real Estate Market To Invest In
      See More Articles
      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports|posted 7 March 2024

      Columbus, Ohio, hosts a steadily growing and robust real estate market, characterized by increasing property values, a consistent number of sales, and diverse neighborhood options.

      Cincinnati Real Estate Market Show Consistent Growth in 2023
      Market Reports|posted 28 February 2024

      Cincinnati’s real estate market has showcased promising growth in 2023, marked by an increase in property values and prices per square foot.

      Ohio Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Ohio Foreclosure Laws

      How To Decide Which Real Estate Market To Invest In
      Investing Strategies|posted 8 March 2024

      We list the key factors and strategies to consider when deciding which real estate market to invest in.