Is Somerford Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Somerford Township was a Neutral Market.
Housing Prices in Somerford Township, OH
How much do homes in Somerford Township, OH cost?
Median Sold Price
$390,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Somerford Township was $390,000 in May 2024, up 9.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | - | N/A |
3 Bedrooms | $333K | $366.9K | +10.2% |
4 Bedrooms | $391K | $500K | +27.9% |
5+ Bedrooms | - | $645K | N/A |
Summary: Somerford 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 did not change, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Somerford Township | $355.2K | $390K | +9.8% |
Monroe Township | $345K | $361.7K | +4.9% |
Pleasant Township | $295K | $247.4K | -16.1% |
Housing Supply in Somerford Township, OH
How many homes are available in Somerford Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Somerford Township real estate market had 18 homes for sale in May 2024, a 50.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 9 | +125.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Somerford 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 remained the same, 3 bedroom homes increased by 125%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Somerford Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Somerford Township, OH
How long does it take to sell a home in Somerford Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 89 Days | +4350.0% |
Summary: Homes in Somerford Township had an average of 89 days on market in May 2024, up by 4350% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Somerford Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.