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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Lake Township, OH cost?

Median Sold Price

$184,700

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$28,700(+18.4%)

Key Takeaway

Homes in Lake Township have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $107.1K$132.5K
+23.7%
3 $158.5K$200K
+26.2%
4 $187.5K$214.9K
+14.6%
5+ $186K$219K
+17.7%

Median Sold Price Compared To Nearby Cities

Walbridge
+23.0%
Lake Township
+18.4%
Allen Township
+6.6%
Northwood
+1.3%

How many homes are available in Lake Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
2917-41.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 51
-80.0%
3 2013
-35.0%
4 21
-50.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
134-69.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
41 Days38 Days-5.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Township, OH

Homes for sale in Lake Township, OH have reached 17. The number of listings in Lake Township, OH decreased by 41.4% between October 2022 and November 2022. In November 2022, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $184,700. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 23.7%, 3 bedrooms properties became 26.2% more expensive, prices of 4 bedrooms properties went up by 14.6%, 5 bedrooms properties became 17.7% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 80%, number of 3 bedrooms homes decreased by 35%, 4 bedrooms homes inventory decreased by 50%, number of 5 bedrooms homes remained the same. While more than 1 listings in Lake Township, OH in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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