Is Washington 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, Washington Township has remained a Seller's Market.
Key Takeaway
Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Township, OH
How much do homes in Washington Township, OH cost?
Median Sold Price
$334,605
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Washington Township have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Washington Township was $334,605 in May 2024, up 9.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $137K | +0.7% |
| 2 Bedrooms | $160K | $173K | +8.1% |
| 3 Bedrooms | $282.5K | $310K | +9.7% |
| 4 Bedrooms | $372.9K | $407.6K | +9.3% |
| 5+ Bedrooms | $530K | $495K | -6.6% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Bellbrook | $312.4K | $395K | +26.4% |
| Washington Township | $305K | $334.6K | +9.7% |
| Centerville | $270.5K | $294.5K | +8.9% |
| Sugarcreek Township | $433.5K | $464.6K | +7.2% |
| Kettering | $219.8K | $229.7K | +4.5% |
Housing Supply in Washington Township, OH
How many homes are available in Washington Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 243 | +19.7% |
Summary: The Washington Township real estate market had 243 homes for sale in May 2024, a 19.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 51 | 55 | +7.8% |
| 3 Bedrooms | 68 | 81 | +19.1% |
| 4 Bedrooms | 63 | 77 | +22.2% |
| 5+ Bedrooms | 19 | 27 | +42.1% |
Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 42.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 78 | +18.2% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Washington Township in May 2024, up by 18.2% month-over-month. Of the 78 sold homes, 45% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Washington Township, OH
How long does it take to sell a home in Washington Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 51 Days | -11.8% |
Summary: Homes in Washington Township had an average of 51 days on market in May 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washington Township has remained consistent over time.
Summary: During May 2024, 78 homes were sold in Washington Township; 15% of homes were sold within 30 days, 77% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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