Is Loudon 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, Loudon Township has remained a Seller's Market.
Key Takeaway
Loudon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Loudon Township, OH
How much do homes in Loudon Township, OH cost?
Median Sold Price
$189,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Loudon Township have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Loudon Township was $189,000 in March 2024, down 1.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $15K | $143.5K | +856.7% |
| 3 Bedrooms | $181.1K | $187.4K | +3.5% |
| 4 Bedrooms | $197.9K | $234K | +18.2% |
| 5+ Bedrooms | - | $154.9K | N/A |
Summary: Loudon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 856.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fostoria | $115K | $137K | +19.1% |
| Loudon Township | $192.2K | $189K | -1.7% |
| Jackson Township | $215K | $194K | -9.8% |
Housing Supply in Loudon Township, OH
How many homes are available in Loudon Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Loudon Township real estate market had 6 homes for sale in March 2024, a 50.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Loudon 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudon Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Loudon Township in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Loudon Township, OH
How long does it take to sell a home in Loudon Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 77 Days | -10.9% |
Summary: Homes in Loudon Township had an average of 77 days on market in Mar 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Loudon Township has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Loudon Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.