Is Bloom Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloom Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Bloom Township was a Neutral Market.

Key Takeaway

Bloom Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bloom Township, OH

How much do homes in Bloom Township, OH cost?

Median Sold Price

$416,195

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$46,695(+12.6%)

Key Takeaway

Homes in Bloom Township have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Bloom Township was $416,195 in February 2024, up 12.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $235K-
N/A
2 $305K$230K
-24.6%
3 $331.8K$384.9K
+16.0%
4 $404.6K$428.9K
+6.0%
5+ $542.5K$520K
-4.1%

Summary: Bloom Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Bloom Township
+12.6%
Lithopolis
+11.9%
Canal Winchester
+7.1%
Canal Winchester
-1.8%

Housing Supply in Bloom Township, OH

How many homes are available in Bloom Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3638+5.6%

Summary: The Bloom Township real estate market had 38 homes for sale in February 2024, a 5.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1720
+17.6%
4 1214
+16.7%
5+ 74
-42.9%

Summary: The Bloom Township housing inventory by bedroom type for February 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 17.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloom Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Bloom Township in February 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.

Days on Market for Bloom Township, OH

How long does it take to sell a home in Bloom Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
46 Days64 Days+40.7%

Summary: Homes in Bloom Township had an average of 64 days on market in Feb 2024, up by 40.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bloom Township has remained consistent over time.

Summary: During February 2024, 10 homes were sold in Bloom Township; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Bloom Township, OH

Nearby Markets to Bloom Township, OH

What housing markets are near Bloom Township, OH?