Real Estate Market Update for Akron, OH
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 33% from one year earlier, and down 15% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 70-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 70-thousand dollars. The number of units sold decreased 9% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Akron, OH
Area Information for Akron, OH
  • Population: 197,306
  • Median Age: 36.39 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 3,180/sq mi
  • Population Change Since 2000: -9.38%
  • Closest Airport: Akron-canton Regional
  • Closest College: University Of Akron
  • Closest Jr. College: Brown Mackie College-akron
  • Median Household Income: $34,559
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $59,900
  • Closest Major Sports Team: Akron Rubberducks
  • Change Avg. Household Income Since 2000: 11.04%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Akron, OH
Median Age: 36.39 Married: 29% Number of Households: 83,011 Households with Children: 21,375
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Akron, OH

      School Name Distance Type Grades School Rating Parent Rating
      Miller-south Visual Performing Arts 0.2 mi Public 4-8 4 0
      Helen Arnold Community Learning Center 0.5 mi Public K-6 1 0
      Schumacher Clc Elementary School 0.9 mi Public K-6 0 0
      Buchtel High School 0.9 mi Public 7-12 0 2
      Akron Opportunity Center 1.1 mi Public K-8 0 0
      Akron Alternative Academy 1.1 mi Public 9-12 0 0
      Emmanuel Christian Academy 1.2 mi Private PRESCHOOL-8 0 0
      Steel Academy 1.3 mi Public 6-12 0 0
      St. Mary School 1.3 mi Catholic K-8 0 0
      Imagine Akron Academy 1.3 mi Public K-K 0 0
      Main Street Preparatory Academy 1.4 mi Public K-5 0 0
      Case Elementary School 1.5 mi Public PRESCHOOL-5 1 0
      Harris Elementary School 1.5 mi Public K-5 1 0
      Akron Early College High School 1.6 mi Public 9-12 5 4
      Towpath Trail High School 1.6 mi Public 9-12 0 0
      St Vincent Depaul Elementary School 1.6 mi Catholic PRESCHOOL-8 0 0
      Akron Digital Academy 1.7 mi Public 6-12 0 0
      National Inventors Hall Of Fame School Center For 1.7 mi Public 5-8 4 4
      St Vincent-st Mary High School 1.7 mi Catholic 9-12 0 4
      Pfeiffer Elementary School 1.9 mi Public K-5 1 0
      Leggett Community Learning Center 1.9 mi Public K-5 1 0
      Innes Community Learning Center 2.0 mi Public 6-8 1 0
      Kenmore High School 2.0 mi Public 9-12 0 1
      Akron Stem High School 2.0 mi Public 9-9 0 3
      Our Lady Of The Elms High School 2.0 mi Catholic 7-12 0 4
      Akron First Acedamy And Preschool 2.0 mi Private PRESCHOOL-6 0 0
      Colonial Prep Academy 2.1 mi Public K-8 0 0
      Capella High School 2.1 mi Public 9-12 0 0
      St. Sebastian Elementary School 2.1 mi Catholic K-8 0 0
      Our Lady Of The Elms Elementary School 2.2 mi Catholic PRESCHOOL-6 0 4
      Litchfield Middle School 2.2 mi Public 6-8 1 4
      Akros Middle School 2.2 mi Public 6-8 1 0
      King Elementary School 2.3 mi Public K-5 3 0
      St Paul Nursery School 2.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Mcebright Elementary School 2.3 mi Public K-5 1 0
      Edge Academy, The 2.3 mi Public K-5 1 0
      Imagine Leadership Academy 2.4 mi Public - 0 0
      St. Anthony Of Padua Elementary School 2.6 mi Catholic K-8 0 0
      The Lippman School 2.6 mi Private K-8 0 0
      Mason Community Learning Center 2.7 mi Public PRESCHOOL-6 1 0
      Rimer Community Learning Center 2.7 mi Public K-5 3 0
      Firestone Park Elementary School 2.7 mi Public K-5 1 0
      Garfield High School 2.8 mi Public 9-12 0 2
      Glover Community Leanring Center 2.8 mi Public K-5 1 0
      Archbishop Hoban High School 2.9 mi Catholic 9-12 0 4
      Jennings Community Learning Center 2.9 mi Public 6-8 1 0
      Summit Academy Secondary - Akron 3.0 mi Public 9-12 1 0
      Hope Academy University 3.1 mi Public K-8 0 0
      Sam Salem Community Learning Center 3.1 mi Public K-5 2 0
      Middlebury Academy 3.1 mi Public - 0 0
      St Paul School 3.1 mi Catholic PRESCHOOL-8 0 0
      Arlington Christian Academy 3.2 mi Private K-8 0 0
      Robinson Community Learning Center 3.3 mi Public K-6 0 0
      North High School 3.3 mi Public 9-12 0 3
      Forest Hill Community Learning Center 3.4 mi Public K-5 1 0
      Kent Middle School 3.4 mi Public 6-8 1 0
      Akron Preparatory School 3.4 mi Public K-8 1 0
      Voris Community Learning Center 3.5 mi Public K-5 1 0
      Judith A Resnik Community Learning Center 3.5 mi Public K-5 2 0
      Hill Community Learning Center 3.6 mi Public K-6 1 0
      Steam Academy Of Akron 3.7 mi Public K-5 1 0
      Spring Garden Waldorf School 3.7 mi Private PRESCHOOL-8 0 0
      Barber Community Learning Center 3.9 mi Public K-6 1 0
      Phoenix School 4.0 mi Private 6-12 0 0
      Turkeyfoot Elementary School 4.0 mi Public K-3 4 0
      Bridges Learning Center 4.1 mi Public K-5 0 0
      Seiberling Elementary School 4.2 mi Public K-6 1 0
      East Community Learning Center 4.3 mi Public 7-12 0 2
      Coventry Middle School 4.4 mi Public 5-8 3 0
      Bettes Elementary School 4.5 mi Public PRESCHOOL-5 1 0
      Coventry High School 4.7 mi Public 9-12 2 3
      Life Skills Center Of North Akron 4.7 mi Public 9-12 0 0
      Arrowhead Primary Elementary School 4.9 mi Public K-4 5 0
      Hatton Elementary School 5.0 mi Public K-5 2 0
      Fort Island Primary Elementary School 5.1 mi Public K-4 4 0
      Herberich Primary Elementary School 5.2 mi Public PRESCHOOL-4 4 0
      Copley-fairlawn Middle School 5.2 mi Public 5-8 4 0
      St. Francis Desales School 5.6 mi Catholic PRESCHOOL-8 0 0
      Windemere Elementary School 5.6 mi Public K-5 2 0
      Kids Country School 5.6 mi Private PRESCHOOL-K 0 0
      Betty Jane Community Learning Center 5.6 mi Public K-5 2 0
      Hyre Middle School 5.7 mi Public 6-8 2 1
      Copley High School 5.8 mi Public 9-12 4 4
      Summit Academy Middle School-akron 5.9 mi Public K-6 1 0
      Summit Academy Elmentary - Akron 5.9 mi Public K-6 1 0
      Ellet High School 6.1 mi Public 9-12 1 3
      Ritzman Community Learning Center 6.1 mi Public K-5 3 0
      Greater Summit County Early Learning Center 6.1 mi Public K-3 0 0
      Akron Montessori Elementary School 6.2 mi Private PRESCHOOL-3 0 0
      Schrop Intermediate School 6.3 mi Public 4-6 2 0
      Chapel Hill Christian School-green Campus 7.5 mi Private PRESCHOOL-6 0 0
      Springfield High School 8.0 mi Public 7-12 2 4
      Old Trail School 8.0 mi Private PRESCHOOL-8 0 0
      Bath Elementary School 8.1 mi Public 4-5 5 0
      Spring Hill Elementary School 8.1 mi Public K-3 0 0
      Mogadore Christian Academy 8.3 mi Private K-12 0 0
      Young Elementary School 8.6 mi Public K-3 0 0
      Nolley Elementary School 9.2 mi Public K-4 5 0
      Manchester High School 9.2 mi Public 9-12 4 4
      Manchester Middle School 9.3 mi Public 5-8 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Akron, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.