Is Miami Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami Township is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Miami Township has remained a Seller's Market.

Key Takeaway

Miami Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Miami Township, OH

How much do homes in Miami Township, OH cost?

Median Sold Price

$229,583

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$4,596(+2.0%)

Key Takeaway

Homes in Miami Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Miami Township was $229,583 in June 2024, up 2% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $62.9K$101.2K
+60.8%
2 $115K$132.2K
+15.0%
3 $217K$225K
+3.7%
4 $310K$315K
+1.6%
5+ $267.5K$348.4K
+30.2%

Summary: Miami Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 30.2%.

Median Sold Price Compared To Nearby Cities

Moraine
+16.1%
West Carrollton
+13.3%
Miamisburg
+2.2%
Miami Township
+2.0%
Jefferson Township
0.0%

Housing Supply in Miami Township, OH

How many homes are available in Miami Township, OH?

Number of Homes For Sale

May 2024Jun 2024CHANGE
158141-10.8%

Summary: The Miami Township real estate market had 141 homes for sale in June 2024, a 10.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 33
0.0%
2 1514
-6.7%
3 9176
-16.5%
4 4139
-4.9%
5+ 89
+12.5%

Summary: The Miami 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 6.7%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6541-36.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami Township, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Miami Township in June 2024, down by 36.9% month-over-month. Of the 41 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.

Days on Market for Miami Township, OH

How long does it take to sell a home in Miami Township, OH?

Average Sale Time

Jun 2023Jun 2024CHANGE
62 Days47 Days-24.4%

Summary: Homes in Miami Township had an average of 47 days on market in Jun 2024, down by 24.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Miami Township has remained consistent over time.

Summary: During June 2024, 41 homes were sold in Miami Township; 22% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Miami Township, OH

Nearby Markets to Miami Township, OH

What housing markets are near Miami Township, OH?