Is Lake 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, Lake Township has remained a Seller's Market.
Housing Prices in Lake Township, OH
How much do homes in Lake Township, OH cost?
Median Sold Price
$222,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Township was $222,500 in April 2024, up 16.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $143K | $134.5K | -5.9% |
3 Bedrooms | $197.5K | $215K | +8.9% |
4 Bedrooms | $215K | $309K | +43.7% |
5+ Bedrooms | $241K | $255K | +5.8% |
Summary: Lake 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 decreased by 5.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
Millbury | $197.5K | $250K | +26.6% |
Walbridge | $170K | $201.5K | +18.5% |
Lake Township | $190.7K | $222.5K | +16.6% |
Northwood | $185K | $186K | 0.5% |
Housing Supply in Lake Township, OH
How many homes are available in Lake Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 27 | +28.6% |
Summary: The Lake Township real estate market had 27 homes for sale in April 2024, a 28.6% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake 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 decreased by 33.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lake Township in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Lake Township, OH
How long does it take to sell a home in Lake Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 45 Days | +34.0% |
Summary: Homes in Lake Township had an average of 45 days on market in Apr 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lake Township; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.