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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Vernon Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Vernon Township, OH cost?

Median Sold Price

$550,000

$254/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

+$230,500(+72.1%)

Key Takeaway

Homes in Vernon Township have sold for 72.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 --
N/A
3 $410K-
N/A
4 $229K$550K
+140.2%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Vernon Township
+72.1%
Adams Township
+14.7%
Washington Township
-27.2%
Marion Township
-46.7%

How many homes are available in Vernon Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
54-20.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 23
+50.0%
3 10
-100.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vernon Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Oct 2022Nov 2022%
32 Days48 Days+47.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Vernon Township, OH

There are 4 homes are for sale in Vernon Township, OH real estate market. In November 2022 in Vernon Township, OH there were 20% less homes for sale than in October 2022. While the average time on the market in November 2022 was 48 days, the median list price was $550,000. Listing prices have changed in this real estate market between November 2021 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties prices increased by 140.2%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 50%, the quantity of 3 bedrooms homes went down by 100%, volume of 4 bedrooms homes went down by 50%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Vernon Township, OH in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

Related Housing Market Reports