Is Gratis 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, Gratis Township has remained a Seller's Market.
Key Takeaway
Gratis Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gratis Township, OH
How much do homes in Gratis Township, OH cost?
Median Sold Price
$220,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gratis Township have sold for 37.9% more than they did a year ago.
Summary: The median home sold price in Gratis Township was $220,000 in May 2024, up 37.9% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306.5K | $120K | -60.8% |
| 3 Bedrooms | $134K | $209K | +56.0% |
| 4 Bedrooms | $356.5K | $245K | -31.3% |
| 5+ Bedrooms | - | $332K | N/A |
Summary: Gratis 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 60.8%, 3 bedroom homes increased by 56%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gratis Township | $159.5K | $220K | +37.9% |
| Somers Township | $155K | $168.9K | +9.0% |
| German Township | $259K | $225K | -13.1% |
Housing Supply in Gratis Township, OH
How many homes are available in Gratis Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Gratis Township real estate market had 7 homes for sale in May 2024, a 12.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gratis 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gratis Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Gratis Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Gratis Township, OH
How long does it take to sell a home in Gratis Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 39 Days | -39.9% |
Summary: Homes in Gratis Township had an average of 39 days on market in May 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gratis Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Gratis Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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