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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salem Township is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Salem Township, OH cost?

Median Sold Price

$181,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$32,000(+21.5%)

Key Takeaway

Homes in Salem Township have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $84K-
N/A
2 $119.5K$157.5K
+31.8%
3 $161.2K$181K
+12.3%
4 $158.7K$207.5K
+30.7%
5+ $180.9K$184.5K
+2.0%

Median Sold Price Compared To Nearby Cities

Oak Harbor
+25.5%
Salem Township
+21.5%
Carroll Township
+5.2%

How many homes are available in Salem Township, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
129-25.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 97
-22.2%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salem Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
60 Days43 Days-28.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 Salem Township has remained consistent over time.

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

About Salem Township, OH

There are 9 homes are for sale in Salem Township, OH real estate market. Between September 2022 and October 2022, Salem Township, OH real estate market has seen decrease in the number of listings by 25%. While the average time on the market in October 2022 was 43 days, the median list price was $181,000. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 31.8%, 3 bedrooms properties prices increased by 12.3%, 4 bedrooms properties prices increased by 30.7%, 5 bedrooms properties prices increased by 2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 22.2% less available, 4 bedrooms homes inventory decreased by 50%, number of 5 bedrooms homes remained the same. Over 1 listings were sold over their listed price in October 2022 in Salem Township, OH. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.