Massillon, OH 44646 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of 243,500, which anchors recent transaction-based market value and aligns with a up price year-over-year trend, signaling that realized prices are strengthening.
2. The gap between the median listing price of 290,000 and the median sold price of 243,500 may indicate seller optimism or pricing friction between asking and transaction prices rather than a direct measure of market value.
3. The median days on market of 213 suggests slower sales velocity than typical for a hot market and may reflect longer negotiation or preparation cycles despite a hot market temperature.
4. Rental and financing context is mixed: the median market rent is 850 with rent year-over-year trend up, while elevated interest rate pressure and a current 30-year fixed mortgage rate of 6.63% may constrain buyer affordability and should be monitored as a potential headwind to price growth (elevated).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.