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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coventry Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Coventry Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Coventry Township, OH

How much do homes in Coventry Township, OH cost?

Median Sold Price

$198,687

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,687(+7.4%)

Key Takeaway

Homes in Coventry Township have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Coventry Township was $198,687 in September 2024, up 7.4% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $92.5K$74K
-20.0%
2 $155K$155K
0.0%
3 $197.9K$215K
+8.6%
4 $206K$301K
+46.1%
5+ $309.9K$444.2K
+43.4%

Summary: Coventry Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes increased by 43.4%.

Median Sold Price Compared To Nearby Cities

Akron
+13.9%
Barberton
+11.8%
Springfield Township
+7.5%
Coventry Township
+7.4%
Green
+6.7%

Housing Supply in Coventry Township, OH

How many homes are available in Coventry Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4446+4.5%

Summary: The Coventry Township real estate market had 46 homes for sale in September 2024, a 4.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1212
0.0%
3 1720
+17.6%
4 118
-27.3%
5+ 45
+25.0%

Summary: The Coventry Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coventry Township, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Coventry Township in September 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.

Days on Market for Coventry Township, OH

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days24 Days+6.0%

Summary: Homes in Coventry Township had an average of 24 days on market in Sep 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coventry Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 13 homes were sold in Coventry Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

Newest Listings in Coventry Township, OH

Nearby Markets to Coventry Township, OH

What housing markets are near Coventry Township, OH?