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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sagamore Hills Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Sagamore Hills Township, OH

How much do homes in Sagamore Hills Township, OH cost?

Median Sold Price

$269,050

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,150(+5.1%)

Key Takeaway

Homes in Sagamore Hills Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Sagamore Hills Township was $269,050 in May 2024, up 5.1% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $112.9K$125K
+10.7%
2 $185K$174K
-5.9%
3 $295K$297.5K
+0.8%
4 $367.5K$462.5K
+25.9%
5+ $450K$435K
-3.3%

Summary: Sagamore Hills Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Sagamore Hills Township
+5.1%
Northfield
+4.3%
Walton Hills
+1.5%
Brecksville
-0.8%
Northfield Center Township
-7.2%

Housing Supply in Sagamore Hills Township, OH

How many homes are available in Sagamore Hills Township, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3029-3.3%

Summary: The Sagamore Hills Township real estate market had 29 homes for sale in May 2024, a 3.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 74
-42.9%
2 1113
+18.2%
3 88
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Sagamore Hills Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sagamore Hills 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 7 homes were sold or pending in Sagamore Hills Township in May 2024, down by 41.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Sagamore Hills Township, OH

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

Average Sale Time

May 2023May 2024CHANGE
24 Days43 Days+79.0%

Summary: Homes in Sagamore Hills Township had an average of 43 days on market in May 2024, up by 79% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in Sagamore Hills Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

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