Is Sylvania Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sylvania Township has remained a Seller's Market.
Housing Prices in Sylvania Township, OH
How much do homes in Sylvania Township, OH cost?
Median Sold Price
$278,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sylvania Township was $278,000 in March 2024, up 0.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $92.5K | -7.5% |
2 Bedrooms | $147.5K | $161K | +9.2% |
3 Bedrooms | $230K | $248K | +7.8% |
4 Bedrooms | $343.5K | $350K | +1.9% |
5+ Bedrooms | $399.9K | $490K | +22.5% |
Summary: Sylvania Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
Sylvania | $248.4K | $285K | +14.7% |
Ottawa Hills | $339.5K | $377.4K | +11.2% |
Sylvania Township | $277.7K | $278K | 0.1% |
Housing Supply in Sylvania Township, OH
How many homes are available in Sylvania Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 127 | +1.6% |
Summary: The Sylvania Township real estate market had 127 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 44 | 39 | -11.4% |
4 Bedrooms | 44 | 51 | +15.9% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Sylvania Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Sylvania Township in March 2024, up by 14.3% month-over-month. Of the 40 sold homes, 45% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for Sylvania Township, OH
How long does it take to sell a home in Sylvania Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 57 Days | +3.7% |
Summary: Homes in Sylvania Township had an average of 57 days on market in Mar 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Sylvania Township; 20% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.