Is Burton Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Burton Township has remained a Seller's Market.
Key Takeaway
Burton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burton Township, OH
How much do homes in Burton Township, OH cost?
Median Sold Price
$255,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Burton Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Burton Township was $255,000 in March 2024, up 2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $214K | -1.4% |
| 3 Bedrooms | $231.5K | $260K | +12.3% |
| 4 Bedrooms | $440K | $297.5K | -32.4% |
| 5+ Bedrooms | $392.5K | $250K | -36.3% |
Summary: Burton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Cities
| Claridon Township | $209.5K | $277.7K | +32.6% |
| Middlefield | $228.5K | $260K | +13.8% |
| Middlefield Township | $228.5K | $260K | +13.8% |
| Burton Township | $250K | $255K | +2.0% |
| Burton | $250K | $252.5K | +1.0% |
Housing Supply in Burton Township, OH
How many homes are available in Burton Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Burton Township real estate market had 12 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Burton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burton Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Burton Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Burton Township, OH
How long does it take to sell a home in Burton Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 7 Days | -80.4% |
Summary: Homes in Burton Township had an average of 7 days on market in Mar 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Burton Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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