Is Salem Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$175,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Salem Township was $175,000 in March 2024, up 21.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $70.6K | -21.5% |
2 Bedrooms | $125K | $116.5K | -6.8% |
3 Bedrooms | $150K | $192K | +28.0% |
4 Bedrooms | $210K | $230K | +9.5% |
5+ Bedrooms | $177.5K | $185K | +4.2% |
Summary: Salem Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 89 | +11.3% |
Summary: The Salem Township real estate market had 89 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Salem Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Salem Township in March 2024, down by 11.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 72 Days | +19.3% |
Summary: Homes in Salem Township had an average of 72 days on market in Mar 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Salem Township; 20% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.