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  • Record-Courier

    Asking prices for Portage County homes rose during April

    By USA TODAY Network,

    2024-05-13
    https://img.particlenews.com/image.php?url=2f2Mma_0szlNUKS00

    The median home in Portage County listed for $359,725 in April, up 9% from March, an analysis of data from Realtor.com shows.

    Compared to April 2023, the median home list price increased 20% from $299,900. The median price in March 2024 was $330,000.

    The statistics in this article only pertain to houses listed for sale in Portage County, not sale prices. Information on the local housing market, along with other useful community data, is available at data.record-courier.com.

    Portage County's median home was 2,463 square feet, listed at $168 per square foot. The price per square foot of homes for sale is up 22.8% from April 2023.

    Listings in Portage County moved briskly, at a median 40 days listed compared to the April national median of 47 days on the market. In the previous month, homes had a median of 40 days on the market. Around 124 homes were newly listed on the market in April, an 8.8% decrease from 136 new listings in April 2023.

    The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

    Across the Akron metro area, median home prices rose to $228,750, up 0.1% from a month earlier. The median home had 1,807 square feet, at a list price of $140 per square foot.

    In Ohio, median home prices were $279,375, a 0.1% increase from March. The median Ohio home listed for sale had 1,761 square feet, with a price of $158 per square foot.

    Throughout the United States, the median home price was $429,950, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $230 per square foot.

    The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.

    The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. This story was written by Ozge Terzioglu.

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