Is Olmsted Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Olmsted Township has remained a Seller's Market.
Key Takeaway
Olmsted Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Olmsted Township, OH cost?
Median Sold Price
$237,042
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$7,042(+3.1%)
Key Takeaway
Homes in Olmsted Township have sold for 3.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $16K | $77K | +381.3% |
| 2 Bedrooms | $41.5K | $40K | -3.6% |
| 3 Bedrooms | $217.5K | $235K | +8.0% |
| 4 Bedrooms | $290K | $325K | +12.1% |
| 5+ Bedrooms | $429.7K | $427.5K | -0.5% |
Median Sold Price Compared To Nearby Cities
| Olmsted Falls | $202K | $230K | +13.9% |
| North Olmsted | $205K | $229.6K | +12.0% |
| Columbia Station | $302.5K | $326.5K | +7.9% |
| Berea | $180K | $193.1K | +7.3% |
| Olmsted Township | $230K | $237K | +3.1% |
How many homes are available in Olmsted Township, OH?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 42 | 31 | -26.2% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 15 | 8 | -46.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olmsted Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 19 Days | 35 Days | +77.8% |
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olmsted Township are selling fast, if you're buying plan to act quickly.
