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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New London Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, New London Township was a Seller's Market.

Key Takeaway

New London Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New London Township, OH

How much do homes in New London Township, OH cost?

Median Sold Price

$181,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,250(+17.0%)

Key Takeaway

Homes in New London Township have sold for 17% more than they did a year ago.

Summary: The median home sold price in New London Township was $181,000 in February 2024, up 17% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$89.5K
N/A
2 $127.2K$73K
-42.6%
3 $160K$178.7K
+11.7%
4 $156K$260.5K
+67.0%
5+ $209.6K$182.5K
-12.9%

Summary: New London Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 67%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Cities

New London
+25.0%
New London Township
+17.0%

Housing Supply in New London Township, OH

How many homes are available in New London Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
149-35.7%

Summary: The New London Township real estate market had 9 homes for sale in February 2024, a 35.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 94
-55.6%
4 44
0.0%
5+ 11
0.0%

Summary: The New London 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 remained the same, 3 bedroom homes decreased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New London Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in New London Township in February 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New London Township, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
67 Days302 Days+347.4%

Summary: Homes in New London Township had an average of 302 days on market in Feb 2024, up by 347.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New London Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in New London Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

Newest Listings in New London Township, OH

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