Is Chippewa Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Chippewa Township has remained a Seller's Market.
Key Takeaway
Chippewa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa Township, OH
How much do homes in Chippewa Township, OH cost?
Median Sold Price
$261,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Chippewa Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Chippewa Township was $261,000 in June 2024, up 4.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $167.8K | $132K | -21.4% |
| 3 Bedrooms | $248K | $265.5K | +7.1% |
| 4 Bedrooms | $315K | $390K | +23.8% |
| 5+ Bedrooms | $414.9K | $331.2K | -20.2% |
Summary: Chippewa Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Rittman | $150K | $193.5K | +29.0% |
| Clinton | $252.4K | $275K | +8.9% |
| Chippewa Township | $250K | $261K | +4.4% |
| Doylestown | $255K | $258.5K | +1.4% |
| Marshallville | $236K | $220K | -6.8% |
Housing Supply in Chippewa Township, OH
How many homes are available in Chippewa Township, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Chippewa Township real estate market had 33 homes for sale in June 2024, a 13.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chippewa Township in June 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Chippewa Township, OH
How long does it take to sell a home in Chippewa Township, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 32 Days | -28.4% |
Summary: Homes in Chippewa Township had an average of 32 days on market in Jun 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Chippewa Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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