Is Palmyra Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Palmyra Township was a Buyer's Market.
Key Takeaway
Palmyra Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmyra Township, OH
How much do homes in Palmyra Township, OH cost?
Median Sold Price
$250,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palmyra Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Palmyra Township was $250,000 in March 2024, up 2.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.9K | $106.7K | -56.4% |
| 3 Bedrooms | $200K | $252.5K | +26.3% |
| 4 Bedrooms | $295K | $310K | +5.1% |
| 5+ Bedrooms | $250K | $201K | -19.6% |
Summary: Palmyra Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.4%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Lake Milton | $199K | $210K | +5.5% |
| Palmyra Township | $244.9K | $250K | +2.1% |
| Edinburg Township | $350K | $217.5K | -37.9% |
Housing Supply in Palmyra Township, OH
How many homes are available in Palmyra Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Palmyra Township real estate market had 10 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Palmyra Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Palmyra Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Palmyra Township, OH
How long does it take to sell a home in Palmyra Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 98 Days | 53 Days | -45.6% |
Summary: Homes in Palmyra Township had an average of 53 days on market in Mar 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palmyra Township has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Palmyra Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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