Is Salem Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$164,666
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salem Township was $164,666 in April 2024, up 15.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $70.6K | -21.5% |
2 Bedrooms | $119.3K | $120.5K | +1.0% |
3 Bedrooms | $150K | $171.2K | +14.2% |
4 Bedrooms | $235K | $212.6K | -9.5% |
5+ Bedrooms | $177.5K | $235K | +32.4% |
Summary: Salem Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
Salem Township | $142.1K | $164.6K | +15.8% |
Perry Township | $165K | $175K | +6.1% |
Perry Township | $255K | $255K | 0.0% |
Leetonia | $160K | $155.5K | -2.8% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 110 | +20.9% |
Summary: The Salem Township real estate market had 110 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 60 | 67 | +11.7% |
4 Bedrooms | 7 | 15 | +114.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Salem Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Salem Township in April 2024, up by 66.7% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 68 Days | -1.0% |
Summary: Homes in Salem Township had an average of 68 days on market in Apr 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Salem Township; 28% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.