Is Madison Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$196,333
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $196,333 in April 2024, up 2.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | $75K | -36.8% |
2 Bedrooms | $146.7K | $116K | -21.0% |
3 Bedrooms | $182K | $195K | +7.1% |
4 Bedrooms | $245K | $241.7K | -1.3% |
5+ Bedrooms | $322.5K | $232K | -28.1% |
Summary: Madison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes decreased by 21%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 28.1%.
Median Sold Price Compared To Nearby Cities
Mansfield Township | $175K | $206K | +17.7% |
Mansfield | $175K | $206K | +17.7% |
Washington Township | $232.7K | $259.9K | +11.7% |
Madison Township | $191.5K | $196.3K | +2.5% |
Springfield Township | $182K | $180K | -1.1% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 56 | -6.7% |
Summary: The Madison Township real estate market had 56 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Madison Township in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 52 Days | -15.5% |
Summary: Homes in Madison Township had an average of 52 days on market in Apr 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Madison Township; 58% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.