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

$155,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$20,000(+14.8%)

Key Takeaway

Homes in Salem Township have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $58K$12.6K
-78.3%
2 $57.5K$122.5K
+113.0%
3 $145.7K$152.5K
+4.6%
4 $150K$300K
+100.0%
5+ $344K$527.5K
+53.3%

Median Sold Price Compared To Nearby Cities

Leetonia
+23.1%
Salem Township
+14.8%
Perry Township
+3.8%

How many homes are available in Salem Township, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
2119-9.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 55
0.0%
3 1312
-7.7%
4 32
-33.3%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was 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%
36 Days48 Days+32.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Salem Township, OH

Homes for sale in Salem Township, OH have reached 19. The inventory of homes for sale in Salem Township, OH between September 2022 and October 2022 decreased by 9.5%. Listings spent 48 days on the market in October 2022, and had a median list price of $155,000 during the same period. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went down by 78.3%, 2 bedrooms properties became 113% more expensive, prices of 3 bedrooms properties increased by 4.6%, prices of 4 bedrooms properties increased by 100%, prices of 5 bedrooms properties increased by 53.3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 7.7%, the quantity of 4 bedrooms homes went down by 33.3%, number of 5 bedrooms homes remained the same. In October 2022 more than 1 listings in Salem Township, OH were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.

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