Is Nelson Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Nelson Township was a Seller's Market.
Key Takeaway
Nelson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nelson Township, OH
How much do homes in Nelson Township, OH cost?
Median Sold Price
$260,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nelson Township have sold for 12% more than they did a year ago.
Summary: The median home sold price in Nelson Township was $260,000 in May 2024, up 12% 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 | $134.5K | $299K | +122.2% |
| 3 Bedrooms | $228K | $185K | -18.9% |
| 4 Bedrooms | $255K | $335K | +31.4% |
| 5+ Bedrooms | $80K | $390K | +387.5% |
Summary: Nelson 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 122.2%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 387.5%.
Median Sold Price Compared To Nearby Cities
| Garrettsville | $228K | $256K | +12.3% |
| Nelson Township | $232K | $260K | +12.0% |
| Southington | $224.5K | $250K | +11.4% |
| Southington Township | $234.5K | $250K | +6.6% |
| Windham Township | $165.5K | $160K | -3.4% |
Housing Supply in Nelson Township, OH
How many homes are available in Nelson Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Nelson Township real estate market had 8 homes for sale in May 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Nelson 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 increased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nelson Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Nelson Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Nelson Township, OH
How long does it take to sell a home in Nelson Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 31 Days | +785.7% |
Summary: Homes in Nelson Township had an average of 31 days on market in May 2024, up by 785.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nelson Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Nelson Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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