Is Concord 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, Concord Township has remained a Seller's Market.
Housing Prices in Concord Township, OH
How much do homes in Concord Township, OH cost?
Median Sold Price
$321,666
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Concord Township was $321,666 in April 2024, up 5.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $159.9K | $181K | +13.2% |
3 Bedrooms | $284.4K | $313.5K | +10.2% |
4 Bedrooms | $355K | $380K | +7.0% |
5+ Bedrooms | $522.5K | $615K | +17.7% |
Summary: Concord Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
Painesville Township | $185.2K | $198.5K | +7.2% |
Mentor | $234.8K | $249.9K | +6.4% |
Concord Township | $305.5K | $321.6K | +5.3% |
Painesville | $186.6K | $196K | +5.0% |
Leroy Township | $334K | $345K | +3.3% |
Housing Supply in Concord Township, OH
How many homes are available in Concord Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 63 | +1.6% |
Summary: The Concord Township real estate market had 63 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Concord Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Concord Township in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Concord Township, OH
How long does it take to sell a home in Concord Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 65 Days | +112.9% |
Summary: Homes in Concord Township had an average of 65 days on market in Apr 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Concord Township; 63% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.