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 September 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

$268,050

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,050(+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 $268,050 in September 2024, up 5.1% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $120.4K$125.5K
+4.2%
2 $168K$207.5K
+23.5%
3 $295K$303.5K
+2.9%
4 $422.4K$435K
+3.0%
5+ $550K$435K
-20.9%

Summary: Sagamore Hills Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 20.9%.

Median Sold Price Compared To Nearby Cities

Walton Hills
+25.0%
Brecksville
+5.7%
Sagamore Hills Township
+5.1%
Northfield
+2.1%
Northfield Center Township
-7.6%

Housing Supply in Sagamore Hills Township, OH

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3243+34.4%

Summary: The Sagamore Hills Township real estate market had 43 homes for sale in September 2024, a 34.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 13
+200.0%
2 1011
+10.0%
3 917
+88.9%
4 910
+11.1%
5+ 32
-33.3%

Summary: The Sagamore Hills Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 88.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sagamore Hills Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Sagamore Hills Township in September 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% 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

Sep 2023Sep 2024CHANGE
21 Days30 Days+44.5%

Summary: Homes in Sagamore Hills Township had an average of 30 days on market in Sep 2024, up by 44.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 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 September 2024, 12 homes were sold in Sagamore Hills Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

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