Is Madison 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, 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
$195,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison Township was $195,000 in March 2024, up 0.8% 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 | $118.7K | $75K | -36.8% |
2 Bedrooms | $148.5K | $116K | -21.9% |
3 Bedrooms | $187.4K | $189.9K | +1.3% |
4 Bedrooms | $245K | $244.7K | -0.1% |
5+ Bedrooms | $320K | $230.5K | -28.0% |
Summary: Madison Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 28%.
Median Sold Price Compared To Nearby Cities
Mansfield Township | $172K | $209K | +21.5% |
Mansfield | $172K | $209K | +21.5% |
Washington Township | $232.7K | $259.9K | +11.7% |
Madison Township | $193.4K | $195K | +0.8% |
Springfield Township | $180K | $180.5K | 0.3% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 54 | -10.0% |
Summary: The Madison Township real estate market had 54 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Madison Township in March 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 30 Days | -47.7% |
Summary: Homes in Madison Township had an average of 30 days on market in Mar 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Madison Township; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.