Comprehensive market data and analysis• Updated Oct 2026
0.6 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | 2 | 2 | 4 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 5 | 5 | 8 |
Acreage buckets
The median price for land in Novelty, Ohio is currently $43K per acre. For a typical parcel, the median sale price is $237K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $121K while premium lots reached $407K.
Novelty, Ohio is currently a very hot seller's market with 0.6 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Novelty, Ohio currently has 0.6 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Land in Novelty, Ohio averages $46K per acre. The median price per acre is $43K, which may be more representative of typical transactions. Most parcels sold are around 6.0 acres.
The current absorption rate in Novelty, Ohio is 166.7% (3-month basis), indicating strong demand. The top-performing broker in this market is RE/MAX Revealty.
The median land price in Novelty, Ohio stands at $237K. This translates to roughly $43K per acre for the typical parcel size. The average price is $262K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Novelty, Ohio is 166.7%. The 12-month rate is 66.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Novelty on LandyDandy.
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