House Sales in the Valley Up 11% from a Year Ago

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in January was up about 11% from a year earlier.

Cumulatively, 317 houses were sold in the three counties in January, compared with 285 a year ago, MLS Now, a multiple listing service collecting sales data from the northeastern Ohio region, reported Thursday.

That includes 154 houses sold in Mahoning County last month, compared with 149 in January 2023, a 3.4% increase. In Trumbull County, 118 houses were sold last month, up 24.2% from 95 a year earlier. In Columbiana County, 45 units were sold in January, compared with 41 in January 2023, a 9.8% increase.

New listings in January increased 6.5% from a year earlier in Mahoning County and 9.2% in Columbiana County. They were down 2.8% in Trumbull County.

The total volume of houses sold in January compared with the same period last year was up in all three counties.

In Mahoning County, January sales totaled $28.7 million, up 15.3% from $24.9 million a year earlier. In Trumbull County, total sales were up 23.1%, from $13.5 million last January to $16.7 million last month. In Columbiana County, dollar volume totaled $8 million in January, up 43.9% from $5.5 million a year earlier.

Average sale prices were up in Mahoning and Columbiana counties but down in Trumbull County.

The average sale in Mahoning County in January was $187,011, up 11.5% from $167,658 a year ago. The average sale price in Trumbull County last month was $141,766, a 0.9% decrease from January 2023’s $143,054. Columbiana County’s average sale price last month was $177,788, up 31.1% from $135,624 in January 2023.

The number of homes sold throughout Ohio in January increased from the pace set during the same month a year ago, while average prices continued to increase, according to Ohio Realtors.

Ohio home sales in January reached 7,547, a 4.4% increase from the 7,229 sales recorded during the same month a year ago. The average sales price across the state in January reached $254,943, a 7.4% increase from the $237,467 mark posted in January 2023.

“In a promising start to 2024, home sales have surged, marking the first increase since 2022,” said Ali Whitley, Ohio Realtors president. “This resurgence is further emphasized by a notable uptick in sales price and dollar volume compared to January 2023, signifying a robust and buoyant housing market.”

Published by The Business Journal, Youngstown, Ohio.