Is New London Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, New London Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $89.5K | N/A |
2 Bedrooms | $127.2K | $73K | -42.6% |
3 Bedrooms | $160K | $178.7K | +11.7% |
4 Bedrooms | $156K | $260.5K | +67.0% |
5+ Bedrooms | $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 | $144.7K | $181K | +25.0% |
New London Township | $154.7K | $181K | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 9 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 4 | -55.6% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 1 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 302 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
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.