Is Prairie Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Prairie Township has remained a Seller's Market.
Housing Prices in Prairie Township, OH
How much do homes in Prairie Township, OH cost?
Median Sold Price
$242,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Prairie Township was $242,000 in February 2024, up 8.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $67.5K | 0.0% |
2 Bedrooms | $167.5K | $176.5K | +5.4% |
3 Bedrooms | $222.7K | $242K | +8.7% |
4 Bedrooms | $254.9K | $272.5K | +6.9% |
5+ Bedrooms | $375K | $399.9K | +6.6% |
Summary: Prairie 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 increased by 5.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $183.5K | $226.5K | +23.4% |
Brown Township | $535K | $615K | +15.0% |
Prairie Township | $223.4K | $242K | +8.3% |
Norwich Township | $375.7K | $401K | +6.7% |
Jefferson Township | $210K | $215K | +2.4% |
Housing Supply in Prairie Township, OH
How many homes are available in Prairie Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
52 | 50 | -3.8% |
Summary: The Prairie Township real estate market had 50 homes for sale in February 2024, a 3.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 32 | 31 | -3.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Prairie 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 decreased by 40%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Prairie Township in February 2024, up by 33.3% month-over-month. Of the 20 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for Prairie Township, OH
How long does it take to sell a home in Prairie Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -1.2% |
Summary: Homes in Prairie Township had an average of 24 days on market in Feb 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Prairie Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.