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
$175,333
$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 $175,333 in April 2024, up 16.9% 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 | $76.3K | -15.2% |
2 Bedrooms | $124.9K | $127K | +1.7% |
3 Bedrooms | $152.5K | $183.7K | +20.5% |
4 Bedrooms | $235K | $232.5K | -1.1% |
5+ Bedrooms | $220K | $185K | -15.9% |
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 15.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
Salem Township | $150K | $175.3K | +16.9% |
Urbana | $177K | $205K | +15.8% |
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 |
---|---|---|
90 | 108 | +20.0% |
Summary: The Salem Township real estate market had 108 homes for sale in April 2024, a 20.0% 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 | 15 | 19 | +26.7% |
3 Bedrooms | 59 | 65 | +10.2% |
4 Bedrooms | 7 | 15 | +114.3% |
5+ Bedrooms | 7 | 7 | 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 26.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Salem Township in April 2024, up by 53.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 14% were sold at asking, and 32% 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 |
---|---|---|
67 Days | 77 Days | +14.7% |
Summary: Homes in Salem Township had an average of 77 days on market in Apr 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Salem Township; 30% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.