Is Jerome 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, Jerome Township has remained a Seller's Market.
Key Takeaway
Jerome Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jerome Township, OH
How much do homes in Jerome Township, OH cost?
Median Sold Price
$696,055
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jerome Township have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Jerome Township was $696,055 in May 2024, up 9.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $472.5K | $497.5K | +5.3% |
| 3 Bedrooms | $527.4K | $564.9K | +7.1% |
| 4 Bedrooms | $652K | $675K | +3.5% |
| 5+ Bedrooms | $747.7K | $950K | +27.1% |
Summary: Jerome 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 increased by 5.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Plain City | $530.1K | $599.3K | +13.1% |
| Jerome Township | $634.1K | $696K | +9.8% |
| Washington Township | $610K | $642.5K | +5.3% |
| Dublin | $474K | $444.1K | -6.3% |
Housing Supply in Jerome Township, OH
How many homes are available in Jerome Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 111 | +11.0% |
Summary: The Jerome Township real estate market had 111 homes for sale in May 2024, a 11.0% increase 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Jerome 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 40%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jerome Township, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Jerome Township in May 2024, up by 31.8% month-over-month. Of the 29 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Jerome Township, OH
How long does it take to sell a home in Jerome Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 47 Days | +79.5% |
Summary: Homes in Jerome Township had an average of 47 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jerome Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Jerome Township; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% 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.