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
At the same time last year, Salem Township was 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% 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 | $123K | -1.6% |
3 Bedrooms | $150K | $181.2K | +20.8% |
4 Bedrooms | $217.8K | $225K | +3.3% |
5+ Bedrooms | $177.5K | $181.2K | +2.1% |
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 1.6%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Salem Township | $144.6K | $175K | +21.0% |
Monroe Township | $335K | $367.5K | +9.7% |
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 |
---|---|---|
77 | 86 | +11.7% |
Summary: The Salem Township real estate market had 86 homes for sale in March 2024, a 11.7% 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 | 47 | 55 | +17.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 5 | 5 | 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 17%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Salem Township in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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 |
---|---|---|
62 Days | 62 Days | 0.2% |
Summary: Homes in Salem Township had an average of 62 days on market in Mar 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Salem Township; 23% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.