Is Madison Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$206,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Madison Township was $206,500 in February 2024, up 6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | $462.5K | +289.5% |
2 Bedrooms | $153K | $140K | -8.5% |
3 Bedrooms | $185K | $197K | +6.5% |
4 Bedrooms | $245K | $246.5K | +0.6% |
5+ Bedrooms | $325K | $252K | -22.5% |
Summary: Madison Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 289.5%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 22.5%.
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 59 | 0.0% |
Summary: The Madison Township real estate market had 59 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Madison Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Madison Township in February 2024, down by 6.3% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
25 Days | 79 Days | +219.0% |
Summary: Homes in Madison Township had an average of 79 days on market in Feb 2024, up by 219% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Madison Township; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.