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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waterford Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Waterford Township, OH

How much do homes in Waterford Township, OH cost?

Median Sold Price

$257,500

$116/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$93,500(+57.0%)

Key Takeaway

Homes in Waterford Township have sold for 57% more than they did a month ago.

Summary: The median home sold price in Waterford Township was $257,500 in February 2024, up 57% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $153K-
N/A
3 -$241.2K
N/A
4 $175K-
N/A
5+ -$257.5K
N/A

Summary: Waterford Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Waterford
+77.1%
Waterford Township
+57.0%
Beverly
-21.6%

Housing Supply in Waterford Township, OH

How many homes are available in Waterford Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
79+28.6%

Summary: The Waterford Township real estate market had 9 homes for sale in February 2024, a 28.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 45
+25.0%
4 11
0.0%
5+ 13
+200.0%

Summary: The Waterford 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 decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waterford Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Waterford Township in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Waterford Township, OH

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

Average Sale Time

Jan 2024Feb 2024CHANGE
71 Days81 Days+13.8%

Summary: Homes in Waterford Township had an average of 81 days on market in Feb 2024, up by 13.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Waterford Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in Waterford Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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

Newest Listings in Waterford Township, OH

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