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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylvania Township is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Sylvania Township, OH cost?

Median Sold Price

$270,391

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$21,101(+8.5%)

Key Takeaway

Homes in Sylvania Township have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $79K$102.5K
+29.7%
2 $143.2K$155K
+8.2%
3 $208.5K$229.9K
+10.3%
4 $299.9K$333.9K
+11.3%
5+ $349.9K$418K
+19.5%

Median Sold Price Compared To Nearby Cities

Sylvania Township
+8.5%
Sylvania
+2.8%
Ottawa Hills
+1.6%

How many homes are available in Sylvania Township, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
228187-18.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 31
-66.7%
2 2324
+4.3%
3 8368
-18.1%
4 9875
-23.5%
5+ 2119
-9.5%

Number of Homes Sold

Sep 2022Oct 2022%
9256-39.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylvania Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
62 Days53 Days-14.2%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sylvania Township has remained consistent over time.

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

About Sylvania Township, OH

Homes for sale in Sylvania Township, OH have reached 187. In October 2022 in Sylvania Township, OH there were 18% less homes for sale than in September 2022. While the average time on the market in October 2022 was 53 days, the median list price was $270,391. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 29.7% more expensive, 2 bedrooms properties became 8.2% more expensive, the cost of 3 bedrooms properties went up by 10.3%, the cost of 4 bedrooms properties went up by 11.3%, prices of 5 bedrooms properties increased by 19.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 66.7% less available, volume of 2 bedrooms homes went up by 4.3%, number of 3 bedrooms homes decreased by 18.1%, number of 4 bedrooms homes decreased by 23.5%, number of 5 bedrooms homes decreased by 9.5%. In October 2022, from all listings sold in Sylvania Township, OH there were more than 21 sold above asking price, over 24 sold below and more than 11 were sold right at the asked price.

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