Is Sylvania 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, Sylvania Township has remained a Seller's Market.
Housing Prices in Sylvania Township, OH
How much do homes in Sylvania Township, OH cost?
Median Sold Price
$281,313
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sylvania Township was $281,313 in April 2024, up 2.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $92.5K | -7.5% |
2 Bedrooms | $139.9K | $165K | +17.9% |
3 Bedrooms | $235.4K | $245.5K | +4.3% |
4 Bedrooms | $340K | $351.5K | +3.4% |
5+ Bedrooms | $387K | $522.5K | +35.0% |
Summary: Sylvania Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 35%.
Median Sold Price Compared To Nearby Cities
Sylvania | $249.9K | $291.1K | +16.5% |
Ottawa Hills | $341.5K | $374.9K | +9.8% |
Sylvania Township | $275K | $281.3K | +2.3% |
Whiteford Township | $276K | $267.5K | -3.1% |
Ottawa Lake | $274.5K | $260K | -5.3% |
Housing Supply in Sylvania Township, OH
How many homes are available in Sylvania Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 154 | +14.1% |
Summary: The Sylvania Township real estate market had 154 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 56 | 73 | +30.4% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Sylvania Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 45 | -4.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Sylvania Township in April 2024, down by 4.3% month-over-month. Of the 44 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.
Days on Market for Sylvania Township, OH
How long does it take to sell a home in Sylvania Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 55 Days | +17.2% |
Summary: Homes in Sylvania Township had an average of 55 days on market in Apr 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 45 homes were sold in Sylvania Township; 27% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.