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
$210,000
$131/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 $210,000 in May 2024, up 5% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | - | N/A |
2 Bedrooms | $146.7K | $124.5K | -15.2% |
3 Bedrooms | $195K | $200K | +2.6% |
4 Bedrooms | $254.9K | $255K | 0.0% |
5+ Bedrooms | $340.7K | $250.9K | -26.4% |
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 15.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 26.4%.
Median Sold Price Compared To Nearby Cities
Middletown | $177.9K | $199.7K | +12.3% |
Trenton | $244K | $256.5K | +5.1% |
Madison Township | $199.9K | $210K | +5.0% |
Liberty Township | $410K | $430K | +4.9% |
Lemon Township | $330.5K | $331K | 0.2% |
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 |
---|---|---|
67 | 70 | +4.5% |
Summary: The Madison Township real estate market had 70 homes for sale in May 2024, a 4.5% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 41 | 39 | -4.9% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
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 20%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Madison Township in May 2024, up by 22.7% month-over-month. Of the 27 sold homes, 26% were sold under asking, 41% were sold at asking, and 33% 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 | 56 Days | +44.2% |
Summary: Homes in Madison Township had an average of 56 days on market in May 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Madison Township; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.