Is Erie Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Erie Township was a Neutral Market.
Housing Prices in Erie Township, OH
How much do homes in Erie Township, OH cost?
Median Sold Price
$300,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Erie Township was $300,000 in May 2024, up 137.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $82.5K | -51.5% |
2 Bedrooms | $77K | $172.5K | +124.0% |
3 Bedrooms | $203.1K | $617.6K | +204.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $316K | N/A |
Summary: Erie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.5%, 2 bedroom homes increased by 124%, 3 bedroom homes increased by 204%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Erie Township | $126.1K | $300K | +137.9% |
Carroll Township | $174.9K | $243K | +38.9% |
Port Clinton | $283K | $285K | +0.7% |
Housing Supply in Erie Township, OH
How many homes are available in Erie Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Summary: The Erie Township real estate market had 11 homes for sale in May 2024, a 37.5% increase 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 | 4 | +33.3% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Erie 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 increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Erie Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Erie Township, OH
How long does it take to sell a home in Erie Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 76 Days | +2455.6% |
Summary: Homes in Erie Township had an average of 76 days on market in May 2024, up by 2455.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Erie Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.