Is Jefferson 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, Jefferson Township has remained a Seller's Market.
Housing Prices in Jefferson Township, OH
How much do homes in Jefferson Township, OH cost?
Median Sold Price
$389,740
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson Township was $389,740 in May 2024, up 6.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.1M | N/A |
2 Bedrooms | $193.2K | $256K | +32.5% |
3 Bedrooms | $320K | $342.5K | +7.0% |
4 Bedrooms | $428K | $452.9K | +5.8% |
5+ Bedrooms | $735K | $836.1K | +13.8% |
Summary: Jefferson 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 32.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Jefferson Township | $365K | $389.7K | +6.8% |
Gahanna | $344.7K | $356.7K | +3.5% |
Blacklick | $331.9K | $340K | +2.4% |
Mifflin Township | $339.1K | $345K | +1.7% |
Housing Supply in Jefferson Township, OH
How many homes are available in Jefferson Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 84 | +12.0% |
Summary: The Jefferson Township real estate market had 84 homes for sale in May 2024, a 12.0% 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 | 15 | 12 | -20.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 35 | 41 | +17.1% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Jefferson 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 decreased by 20%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Jefferson Township in May 2024, down by 9.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for Jefferson Township, OH
How long does it take to sell a home in Jefferson Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 16 Days | -29.3% |
Summary: Homes in Jefferson Township had an average of 16 days on market in May 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Jefferson Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.