Valley home sales upbeat

WARREN — Notwithstanding a rise in sale price, the market for single-family homes in Trumbull and Mahoning counties through April is outperforming the same four-month period one year ago, according to the latest statistics.

In Trumbull County, there was an 18.6% increase in sales, from 510 through April 2023 to 605 so far this year, according to MLS Now, a multiple listing service in Independence near Cleveland that collects home data from across several northeast Ohio counties.

New listings, meanwhile, rose by a whopping 56.5%, from 618 to 967; the average sale price crept to $163,712, an increase of 8.1%; and the average amount of time a home stays on the market rose one day to 50 days.

In Mahoning County, the data shows 745 homes came off the market through April, a 5.7% increase from 705 reported last year. The number of homes listed for sale rose 48.8%, from 880 to 1,309.

Like in Trumbull County, the average sale price rose, from $172,599 to $192,324, an increase of 11.4%. The average market time fell five days to 53.


The data shows last month compared to April 2023 in Trumbull County, there was a 20.3% increase in sold listings, from 143 to 172; a 17.6% increase in new listings, from 176 to 207; and the sale price went to $184,338, an increase of 15%.

Homes, however, were on the market for longer, albeit not much longer, from 42 days in April 2023 to 46 days last month.

In Mahoning County last month, there were 213 homes sold, an 11.5% increase from 191 in April 2023. New listings were 297, up from 230, an increase of 29.1%; the homes sold for $193,191 on average, a 5.7% increase from $182,791 last year; and they are moving quicker, spending an average of 49 days on the market compared to 51 in April 2023.


In the first four months of 2024, compared to last year in the 32-county MLS Now region, sold listings rose 11% to 11,749 from 10,586; new listings went up 44.4%, from 14,237 to 20,551; and the sale price went to $238,930 from $223,326, an increase of 7%. Homes sold five days quicker, staying an average of 43 days on the market last during the period.

Year-over-year in April, there were 3,440 homes sold last month, up from 2,944, a difference of 16.9%; new listings rose to 4,400 from 4,055, up 8.5%; and the average sale price went to $249,446, a 3.8% increase from $240,433. Homes were on the market for about 39 days, four fewer than previous.


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