South Akron Home Prices & Values

$45,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7% 1-year change
  • 0.9% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in South Akron is $45,800. South Akron home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in South Akron is $27, which is lower than the Akron average of $52. The median price of homes currently listed in South Akron is $29,900 while the median price of homes that sold is $1,715,624.

Foreclosures will be a factor impacting home values in the next several years. In South Akron 20.7 homes are foreclosed (per 10,000). This is greater than the Akron value of 16.6 and also greater than the national value of 5.0

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Relative ZHVI
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South Akron Market Overview

Data through Feb 28, 2014
  • $45,800 ZHVI
  • 0.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $29,900 Median listing price
  • No recent data Median sale price
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South Akron Market Health

Data through Feb 28, 2014
  • 0.4/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (19.4% US Avg)
  • No data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

20.7 homes South Akron
16.6 homes Akron
5 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Highland Square $82,600 Firestone Park $67,400 Elizabeth Park Valley $52,000
Kenmore $51,000 University of Ohio Akron $44,200 Middlebury $42,600
Lane-Wooster $42,000 Summit Lake $41,700 East Akron $40,600

Listings & Sales

Data through Feb 28, 2014
  • $27 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.9% Listings with price cut
53.8%
Sold below listing
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South Akron Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$660 South Akron
$731 Akron
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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