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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Sycamore Township has remained a Seller's Market.

Key Takeaway

Sycamore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sycamore Township, OH

How much do homes in Sycamore Township, OH cost?

Median Sold Price

$250,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+2.0%)

Key Takeaway

Homes in Sycamore Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Sycamore Township was $250,000 in February 2024, up 2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$93.9K
N/A
2 $170K$185K
+8.8%
3 $180K$221.5K
+23.1%
4 $504.4K$550K
+9.0%
5+ $245K$675K
+175.5%

Summary: Sycamore 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 increased by 8.8%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 175.5%.

Housing Supply in Sycamore Township, OH

How many homes are available in Sycamore Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1015+50.0%

Summary: The Sycamore Township real estate market had 15 homes for sale in February 2024, a 50.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 66
0.0%
4 14
+300.0%
5+ 10
-100.0%

Summary: The Sycamore 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 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Sycamore Township in February 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Sycamore Township, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days13 Days-67.5%

Summary: Homes in Sycamore Township had an average of 13 days on market in Feb 2024, down by 67.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Sycamore Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

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