Is Milan Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Milan Township has remained a Seller's Market.
Housing Prices in Milan Township, OH
How much do homes in Milan Township, OH cost?
Median Sold Price
$278,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milan Township was $278,000 in April 2024, up 20.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $100.5K | N/A |
3 Bedrooms | $218.5K | $256.6K | +17.4% |
4 Bedrooms | $325K | $348.4K | +7.2% |
5+ Bedrooms | $179K | $412K | +130.2% |
Summary: Milan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 130.2%.
Median Sold Price Compared To Nearby Cities
Milan | $206K | $278K | +35.0% |
Milan Township | $230K | $278K | +20.9% |
Huron Township | $260K | $282.5K | +8.7% |
Housing Supply in Milan Township, OH
How many homes are available in Milan Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Milan Township real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Milan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Milan Township in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Milan Township, OH
How long does it take to sell a home in Milan Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 9 Days | -71.9% |
Summary: Homes in Milan Township had an average of 9 days on market in Apr 2024, down by 71.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Milan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.