Is Bloom 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, Bloom Township has remained a Seller's Market.
Key Takeaway
Bloom Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloom Township, OH
How much do homes in Bloom Township, OH cost?
Median Sold Price
$399,950
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bloom Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Bloom Township was $399,950 in May 2024, up 5.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | - | N/A |
| 2 Bedrooms | $267.5K | $217.4K | -18.7% |
| 3 Bedrooms | $325K | $385K | +18.5% |
| 4 Bedrooms | $410K | $405K | -1.2% |
| 5+ Bedrooms | $520K | $502.5K | -3.4% |
Summary: Bloom 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 18.7%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Lithopolis | $355K | $387K | +9.0% |
| Canal Winchester | $300K | $324.2K | +8.1% |
| Bloom Township | $380K | $399.9K | +5.3% |
| Carroll | $350K | $360K | +2.9% |
| Canal Winchester | $319K | $325.2K | +2.0% |
Housing Supply in Bloom Township, OH
How many homes are available in Bloom Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Bloom Township real estate market had 33 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bloom 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloom Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Bloom Township in May 2024, down by 50.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 14% were sold at asking, and 86% were sold over asking.
Days on Market for Bloom Township, OH
How long does it take to sell a home in Bloom Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 101 Days | +132.2% |
Summary: Homes in Bloom Township had an average of 101 days on market in May 2024, up by 132.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bloom Township has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Bloom Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.