Is Jersey 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, Jersey Township has remained a Seller's Market.
Key Takeaway
Jersey Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jersey Township, OH
How much do homes in Jersey Township, OH cost?
Median Sold Price
$455,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jersey Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Jersey Township was $455,000 in May 2024, up 11% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $399K | N/A |
| 3 Bedrooms | $377.5K | $397.8K | +5.4% |
| 4 Bedrooms | $430K | $555K | +29.1% |
| 5+ Bedrooms | - | $694K | N/A |
Summary: Jersey 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 did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jersey Township | $410K | $455K | +11.0% |
| Pataskala | $349.1K | $365K | +4.5% |
| Monroe Township | $388.5K | $385K | -0.9% |
| New Albany | $607.5K | $550K | -9.5% |
Housing Supply in Jersey Township, OH
How many homes are available in Jersey Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Jersey Township real estate market had 15 homes for sale in May 2024, a 11.8% 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 | 12 | 10 | -16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jersey 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 16.7%, 4 bedroom homes remained the same, 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
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jersey 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 Jersey Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Jersey Township, OH
How long does it take to sell a home in Jersey Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 3 Days | -25.9% |
Summary: Homes in Jersey Township had an average of 3 days on market in May 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jersey Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Jersey Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.