Is Malta Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Malta Township has remained a Seller's Market.
Key Takeaway
Malta Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malta Township, OH
How much do homes in Malta Township, OH cost?
Median Sold Price
$123,500
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malta Township have sold for 26.7% less than they did a year ago.
Summary: The median home sold price in Malta Township was $123,500 in May 2024, down 26.7% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $64.9K | N/A |
| 2 Bedrooms | $176K | $133.5K | -24.1% |
| 3 Bedrooms | $140K | $169K | +20.7% |
| 4 Bedrooms | $200K | $119.2K | -40.4% |
| 5+ Bedrooms | $255K | - | N/A |
Summary: Malta Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 40.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerfield Township | $210K | $245K | +16.7% |
| Morgan Township | $184K | $192.4K | +4.6% |
| McConnelsville | $176K | $181K | +2.8% |
| Malta | $155.5K | $123.5K | -20.6% |
| Malta Township | $168.4K | $123.5K | -26.7% |
Housing Supply in Malta Township, OH
How many homes are available in Malta Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Malta Township real estate market had 9 homes for sale in May 2024, a 30.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Malta Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malta Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Malta Township in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Malta Township, OH
How long does it take to sell a home in Malta Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 51 Days | +28.6% |
Summary: Homes in Malta Township had an average of 51 days on market in May 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malta Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Malta Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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