Is Montville 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, Montville Township has remained a Seller's Market.
Key Takeaway
Montville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montville Township, OH
How much do homes in Montville Township, OH cost?
Median Sold Price
$436,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montville Township have sold for 3% less than they did a year ago.
Summary: The median home sold price in Montville Township was $436,500 in May 2024, down 3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.9K | $310K | +17.0% |
| 3 Bedrooms | $380.5K | $377.6K | -0.8% |
| 4 Bedrooms | $503.5K | $490K | -2.7% |
| 5+ Bedrooms | $730K | $671.3K | -8.0% |
Summary: Montville 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 17%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
| Sharon Township | $470K | $552K | +17.4% |
| Medina City Township | $245.7K | $280K | +13.9% |
| Medina | $325K | $350K | +7.7% |
| Medina Township | $325K | $350K | +7.7% |
| Montville Township | $450K | $436.5K | -3.0% |
Housing Supply in Montville Township, OH
How many homes are available in Montville Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 56 | +24.4% |
Summary: The Montville Township real estate market had 56 homes for sale in May 2024, a 24.4% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 23 | 29 | +26.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Montville 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 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montville Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Montville Township in May 2024, up by 69.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Montville Township, OH
How long does it take to sell a home in Montville Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 28 Days | +296.8% |
Summary: Homes in Montville Township had an average of 28 days on market in May 2024, up by 296.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Montville Township; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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