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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Washington Township, OH

How much do homes in Washington Township, OH cost?

Median Sold Price

$334,605

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,605(+9.7%)

Key Takeaway

Homes in Washington Township have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Washington Township was $334,605 in May 2024, up 9.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $136K$137K
+0.7%
2 $160K$173K
+8.1%
3 $282.5K$310K
+9.7%
4 $372.9K$407.6K
+9.3%
5+ $530K$495K
-6.6%

Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Cities

Bellbrook
+26.4%
Washington Township
+9.7%
Centerville
+8.9%
Sugarcreek Township
+7.2%
Kettering
+4.5%

Housing Supply in Washington Township, OH

How many homes are available in Washington Township, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
203243+19.7%

Summary: The Washington Township real estate market had 243 homes for sale in May 2024, a 19.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 5155
+7.8%
3 6881
+19.1%
4 6377
+22.2%
5+ 1927
+42.1%

Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 42.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6678+18.2%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Washington Township in May 2024, up by 18.2% month-over-month. Of the 78 sold homes, 45% were sold under asking, 24% were sold at asking, and 31% were sold over asking.

Days on Market for Washington Township, OH

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

Average Sale Time

May 2023May 2024CHANGE
58 Days51 Days-11.8%

Summary: Homes in Washington Township had an average of 51 days on market in May 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

60 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 78 homes were sold in Washington Township; 15% of homes were sold within 30 days, 77% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in Washington Township, OH

Nearby Markets to Washington Township, OH

What housing markets are near Washington Township, OH?