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
$201,000
$124/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 $201,000 in February 2024, up 4.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | $285K | +140.0% |
2 Bedrooms | $149.2K | $120K | -19.6% |
3 Bedrooms | $185K | $195K | +5.4% |
4 Bedrooms | $245K | $245K | 0.0% |
5+ Bedrooms | $322.5K | $238.2K | -26.1% |
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 140%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 26.1%.
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 |
---|---|---|
52 | 53 | +1.9% |
Summary: The Madison Township real estate market had 53 homes for sale in February 2024, a 1.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 31 | 29 | -6.5% |
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 42.9%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Madison Township in February 2024, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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 |
---|---|---|
26 Days | 76 Days | +190.6% |
Summary: Homes in Madison Township had an average of 76 days on market in Feb 2024, up by 190.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in Madison Township; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.