Is Cambridge 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, Cambridge Township has remained a Seller's Market.
Key Takeaway
Cambridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge Township, OH
How much do homes in Cambridge Township, OH cost?
Median Sold Price
$164,900
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cambridge Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Cambridge Township was $164,900 in March 2024, up 13.7% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28K | $40.7K | +45.5% |
| 2 Bedrooms | $108K | $117.2K | +8.6% |
| 3 Bedrooms | $149.9K | $168.2K | +12.2% |
| 4 Bedrooms | $175K | $170K | -2.9% |
| 5+ Bedrooms | $90K | $223.3K | +148.1% |
Summary: Cambridge Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 148.1%.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $145K | $164.9K | +13.7% |
| Cambridge | $146.6K | $164.9K | +12.5% |
| Jackson Township | $159K | $150K | -5.7% |
Housing Supply in Cambridge Township, OH
How many homes are available in Cambridge Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 84 | +20.0% |
Summary: The Cambridge Township real estate market had 84 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 | 5 | 4 | -20.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cambridge Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Cambridge Township in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for Cambridge Township, OH
How long does it take to sell a home in Cambridge Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 33 Days | -59.9% |
Summary: Homes in Cambridge Township had an average of 33 days on market in Mar 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Cambridge Township; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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