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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Darby Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Darby Township, OH

How much do homes in Darby Township, OH cost?

Median Sold Price

$386,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$33,900(-8.1%)

Key Takeaway

Homes in Darby Township have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in Darby Township was $386,000 in February 2024, down 8.1% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $322K$311K
-3.4%
3 $362.5K$386K
+6.5%
4 $447K$480.4K
+7.5%
5+ $815.5K$658.1K
-19.3%

Summary: Darby Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 19.3%.

Median Sold Price Compared To Nearby Cities

Plain City
+21.7%
Jerome Township
+4.3%
Darby Township
-8.1%

Housing Supply in Darby Township, OH

How many homes are available in Darby Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2220-9.1%

Summary: The Darby Township real estate market had 20 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 98
-11.1%
4 69
+50.0%
5+ 32
-33.3%

Summary: The Darby Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Darby Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Darby Township in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Darby Township, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days25 Days-55.0%

Summary: Homes in Darby Township had an average of 25 days on market in Feb 2024, down by 55% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Darby Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 28 Days Ago

Newest Listings in Darby Township, OH

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What housing markets are near Darby Township, OH?