Is Marengo, OH 43334 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Marengo is a seller’s market. With about 2.9 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score51/ 100

More competitive than 52% of U.S. ZIP codes, and #327 of 489 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.9Under 4 months = seller’s market
Sold above original list31.6%Share of sales, last 3 months
Median sale-to-list97.5%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$220▲ +12.0% vs. last year

The Marengo housing market right now

In the three months ending August 31, 2026, 32% of homes in Marengo, OH 43334 sold above their list price, the typical home went under contract in 45 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (53 days then) and the median sale price rose 21% to $424,816. Overall, Marengo is less competitive than a year ago, which gives buyers more room.

Within Morrow County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Marengo ranks #327 of 489 OH ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Sparta 43350 (0% sold over asking) or Edison 43320 (0% sold over asking), while Ashley 43003 (38% sold over asking) and Galion 44833 (36% sold over asking) are even more competitive.

Nearby markets

Ashley 43003Seller’s market $190 /sq ftCardington 43315Seller’s market $189 /sq ftChesterville 43317 $46 /sq ftEdison 43320Seller’s market $171 /sq ft Browse all markets →

Where Marengo is

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Questions about Marengo real estate

Is Marengo a buyer’s or seller’s market?

A seller’s market: there were 2.9 months of supply in Marengo, OH 43334 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Marengo?

The typical home went under contract in 45 days in the latest three months.

Do homes in Marengo sell over asking?

32% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.

What are property taxes in Marengo?

About 1.06% of a home’s value a year in Morrow County, or roughly $4,240 on a $400,000 home.

What is the median home price in Marengo?

The median sale price was $424,816 in the three months ending August 31, 2026, about $220 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology