Is Spencer Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spencer Township was a Seller's Market.
Housing Prices in Spencer Township, OH
How much do homes in Spencer Township, OH cost?
Median Sold Price
$294,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spencer Township was $294,000 in April 2024, up 25.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155.7K | $247.4K | +58.9% |
3 Bedrooms | $280K | $285K | +1.8% |
4 Bedrooms | $277K | $410K | +48.0% |
5+ Bedrooms | $350K | $400K | +14.3% |
Summary: Spencer Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 48%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
Spencer Township | $235K | $294K | +25.1% |
Monclova | $405K | $397.3K | -1.9% |
Springfield Township | $224.8K | $196K | -12.8% |
Richfield Township | $499.9K | $405K | -19.0% |
Housing Supply in Spencer Township, OH
How many homes are available in Spencer Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Summary: The Spencer Township real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spencer 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Spencer Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Spencer Township, OH
How long does it take to sell a home in Spencer Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
174 Days | 106 Days | -39.3% |
Summary: Homes in Spencer Township had an average of 106 days on market in Apr 2024, down by 39.3% 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
Summary: During April 2024, 1 homes were sold in Spencer 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.