Is Lexington Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lexington Township has remained a Seller's Market.
Key Takeaway
Lexington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lexington Township, OH
How much do homes in Lexington Township, OH cost?
Median Sold Price
$196,700
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lexington Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Lexington Township was $196,700 in March 2024, up 12.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $50K | -50.0% |
| 2 Bedrooms | $102.5K | $89K | -13.2% |
| 3 Bedrooms | $192.5K | $189.9K | -1.4% |
| 4 Bedrooms | $200K | $255.5K | +27.8% |
| 5+ Bedrooms | - | $178.4K | N/A |
Summary: Lexington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Smith Township | $142K | $186K | +31.0% |
| Washington Township | $169K | $215.5K | +27.5% |
| Lexington Township | $175K | $196.7K | +12.4% |
| Alliance | $140K | $141.4K | +1.0% |
Housing Supply in Lexington Township, OH
How many homes are available in Lexington Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Lexington Township real estate market had 12 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lexington Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lexington Township in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Lexington Township, OH
How long does it take to sell a home in Lexington Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 53 Days | -50.2% |
Summary: Homes in Lexington Township had an average of 53 days on market in Mar 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lexington Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Lexington Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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