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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smith Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Smith Township was a Seller's Market.

Key Takeaway

Smith Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Smith Township, OH

How much do homes in Smith Township, OH cost?

Median Sold Price

$185,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$43,000(+30.3%)

Key Takeaway

Homes in Smith Township have sold for 30.3% more than they did a year ago.

Summary: The median home sold price in Smith Township was $185,000 in February 2024, up 30.3% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $122.4K$120K
-2.0%
3 $146K$183.5K
+25.7%
4 $136.5K$310K
+127.1%
5+ -$107.5K
N/A

Summary: Smith Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 127.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Beloit
+40.8%
Smith Township
+30.3%
Alliance
+1.2%
Sebring
0%

Housing Supply in Smith Township, OH

How many homes are available in Smith Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1116+45.5%

Summary: The Smith Township real estate market had 16 homes for sale in February 2024, a 45.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 810
+25.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Smith Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smith Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Smith Township in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Smith Township, OH

How long does it take to sell a home in Smith Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days129 Days+360.7%

Summary: Homes in Smith Township had an average of 129 days on market in Feb 2024, up by 360.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Smith Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in Smith Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Smith Township, OH

Nearby Markets to Smith Township, OH

What housing markets are near Smith Township, OH?