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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jerusalem Township is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Jerusalem Township, OH cost?

Median Sold Price

$180,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

-$22,910(-11.3%)

Key Takeaway

Homes in Jerusalem Township have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in Jerusalem Township was $180,000 in August 2023, down 11.3% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$104K
N/A
2 $89.4K$167.8K
+87.6%
3 $220K$192K
-12.7%
4 $302.5K$470K
+55.4%
5+ --
N/A

Summary: Jerusalem Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.6%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 55.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Curtice
+34.7%
Carroll Township
+31.8%
Allen Township
-5.9%
Jerusalem Township
-11.3%

Housing Supply

How many homes are available in Jerusalem Township, OH?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
48+100.0%

Summary: The Jerusalem Township real estate market had 8 homes for sale in August 2023, a 100.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 11
0.0%
3 37
+133.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Jerusalem Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jerusalem 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 3 homes were sold or pending in Jerusalem Township in August 2023, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
40 Days57 Days+42.4%

Summary: Homes in Jerusalem Township had an average of 57 days on market in Aug 2023, up by 42.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jerusalem Township has remained consistent over time.

Summary: During August 2023, 3 homes were sold in Jerusalem Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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Nearby Markets

What housing markets are near Jerusalem Township, OH?