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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rice Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Rice Township, OH

How much do homes in Rice Township, OH cost?

Median Sold Price

$135,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$45,000(-25.0%)

Key Takeaway

Homes in Rice Township have sold for 25% less than they did a year ago.

Summary: The median home sold price in Rice Township was $135,000 in September 2024, down 25% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $150K-
N/A
3 $180K$124.5K
-30.8%
4 $245K$152.5K
-37.8%
5+ --
N/A

Summary: Rice Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Salem Township
+14.2%
Sandusky Township
+13.7%
Rice Township
-25.0%

Housing Supply in Rice Township, OH

How many homes are available in Rice Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
13+200.0%

Summary: The Rice Township real estate market had 3 homes for sale in September 2024, a 200.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 01
+100.0%
5+ 01
+100.0%

Summary: The Rice Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rice Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Rice Township in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rice Township, OH

How long does it take to sell a home in Rice Township, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
58 Days55 Days-5.2%

Summary: Homes in Rice Township had an average of 55 days on market in Sep 2024, down by 5.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Rice Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Rice Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated Sep 1, 2024

Newest Listings in Rice Township, OH

Nearby Markets to Rice Township, OH

What housing markets are near Rice Township, OH?