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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olmsted Township is a 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

# BEDSDec 2021Dec 2022%
1 $16K$77K
+381.3%
2 $41.5K$40K
-3.6%
3 $217.5K$235K
+8.0%
4 $290K$325K
+12.1%
5+ $429.7K$427.5K
-0.5%

Median Sold Price Compared To Nearby Cities

Olmsted Falls
+13.9%
North Olmsted
+12.0%
Columbia Station
+7.9%
Berea
+7.3%
Olmsted Township
+3.1%

How many homes are available in Olmsted Township, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
4231-26.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 65
-16.7%
3 1917
-10.5%
4 158
-46.7%
5+ 21
-50.0%

Number of Homes Sold

Nov 2022Dec 2022%
1914-26.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
19 Days35 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olmsted Township are selling fast, if you're buying plan to act quickly.

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

About Olmsted Township, OH

Olmsted Township, OH has 31 homes on the market. The number of listings in Olmsted Township, OH decreased by 26.2% between November 2022 and December 2022. In December 2022 median list price was $237,042 and the average listing age was 35 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 381.3%, 2 bedrooms properties prices decreased by 3.6%, 3 bedrooms properties became 8% more expensive, prices of 4 bedrooms properties increased by 12.1%, 5 bedrooms properties prices decreased by 0.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes inventory decreased by 10.5%, number of 4 bedrooms homes decreased by 46.7%, 5 bedrooms homes became 50% less available. Over 5 listings were sold over their listed price in December 2022 in Olmsted Township, OH. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price.

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