Is Madison 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, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$198,900
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $198,900 in May 2024, up 2.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | - | N/A |
2 Bedrooms | $149.2K | $120K | -19.6% |
3 Bedrooms | $184.9K | $190K | +2.8% |
4 Bedrooms | $240K | $240K | 0.0% |
5+ Bedrooms | $322.5K | $244.5K | -24.2% |
Summary: Madison 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 19.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.2%.
Median Sold Price Compared To Nearby Cities
Woodville Township | $178K | $198K | +11.2% |
Madison Township | $194.5K | $198.9K | +2.2% |
Gibsonburg | $200K | $184.5K | -7.8% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 68 | +19.3% |
Summary: The Madison Township real estate market had 68 homes for sale in May 2024, a 19.3% 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 | 8 | 13 | +62.5% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Madison 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 62.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Madison Township in May 2024, up by 15.8% month-over-month. Of the 22 sold homes, 23% were sold under asking, 50% were sold at asking, and 27% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 46 Days | +21.8% |
Summary: Homes in Madison Township had an average of 46 days on market in May 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Madison Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.