Is Salem 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, 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
$172,833
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salem Township was $172,833 in May 2024, up 10.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $76.3K | -15.2% |
2 Bedrooms | $125K | $124K | -0.8% |
3 Bedrooms | $153K | $177.1K | +15.8% |
4 Bedrooms | $263K | $255K | -3.0% |
5+ Bedrooms | $225K | $185K | -17.8% |
Summary: Salem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
Salem Township | $156K | $172.8K | +10.7% |
Morrow | $363.5K | $372.5K | +2.5% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 102 | -2.9% |
Summary: The Salem Township real estate market had 102 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 63 | 59 | -6.3% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Salem 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 16.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Salem Township in May 2024, up by 7.1% month-over-month. Of the 30 sold homes, 43% were sold under asking, 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 53 Days | +25.0% |
Summary: Homes in Salem Township had an average of 53 days on market in May 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Salem Township; 37% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.