Is Madison Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$200,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Madison Township was $200,000 in June 2024, up 3.6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | - | N/A |
2 Bedrooms | $148.5K | $129K | -13.1% |
3 Bedrooms | $185.2K | $193K | +4.2% |
4 Bedrooms | $235K | $244K | +3.8% |
5+ Bedrooms | $320K | $242K | -24.4% |
Summary: Madison Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Cities
Washington Township | $172K | $191.4K | +11.3% |
Woodville Township | $180K | $187.5K | +4.2% |
Madison Township | $193K | $200K | +3.6% |
Gibsonburg | $187K | $187K | 0.0% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
68 | 64 | -5.9% |
Summary: The Madison Township real estate market had 64 homes for sale in June 2024, a 5.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 37 | 41 | +10.8% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Madison Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Madison Township in June 2024, down by 17.4% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
49 Days | 23 Days | -52.9% |
Summary: Homes in Madison Township had an average of 23 days on market in Jun 2024, down by 52.9% 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 June 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.