Is Salem 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, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$175,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salem Township was $175,000 in April 2024, up 16.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $70.6K | -21.5% |
2 Bedrooms | $124.9K | $130K | +4.0% |
3 Bedrooms | $150K | $180K | +20.0% |
4 Bedrooms | $225.6K | $210.6K | -6.6% |
5+ Bedrooms | $220K | $160K | -27.3% |
Summary: Salem Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Cities
Carroll Township | $169.2K | $235K | +38.8% |
Oak Harbor | $136.5K | $174.5K | +27.8% |
Salem Township | $150K | $175K | +16.7% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 122 | +17.3% |
Summary: The Salem Township real estate market had 122 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 67 | 74 | +10.4% |
4 Bedrooms | 9 | 16 | +77.8% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Salem 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 increased by 19%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 31 | +82.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Salem Township in April 2024, up by 82.4% month-over-month. Of the 30 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 65 Days | -5.3% |
Summary: Homes in Salem Township had an average of 65 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Salem Township; 26% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.