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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Penfield Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Penfield Township has remained a Seller's Market.

Key Takeaway

Penfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Penfield Township, OH cost?

Median Sold Price

$380,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$30,000(+8.6%)

Key Takeaway

Homes in Penfield Township have sold for 8.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$795K
N/A
2 --
N/A
3 $248.8K$337K
+35.5%
4 $395K$420K
+6.3%
5+ $555K$380K
-31.5%

Median Sold Price Compared To Nearby Cities

LaGrange Township
+25.1%
Penfield Township
+8.6%
Litchfield Township
+1.2%

How many homes are available in Penfield Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
23+50.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Penfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
1 Day22 Days+2100.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Penfield 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 Penfield Township, OH

Number of homes for sale in Penfield Township, OH real estate market have reached 3. The inventory of homes for sale in Penfield Township, OH between October 2022 and November 2022 increased by 50%. The median list price of listings available in November 2022 was $380,000, while the average time on the real estate market was 22 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties became 35.5% more expensive, the cost of 4 bedrooms properties went up by 6.3%, 5 bedrooms properties became 31.5% more cheaper. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory increased by 100%, 4 bedrooms homes inventory did not change, 5 bedrooms homes did not move. In November 2022, from all listings sold in Penfield Township, OH there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.