Is Ohio Township, PA 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, Ohio Township has remained a Seller's Market.
Key Takeaway
Ohio Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ohio Township, PA
How much do homes in Ohio Township, PA cost?
Median Sold Price
$456,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ohio Township have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Ohio Township was $456,500 in March 2024, up 1.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $422.5K | $453K | +7.2% |
| 3 Bedrooms | $380.7K | $420.7K | +10.5% |
| 4 Bedrooms | $580K | $515K | -11.2% |
| 5+ Bedrooms | $840K | $882.5K | +5.1% |
Summary: Ohio Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Franklin Park | $447.5K | $510K | +14.0% |
| Ross Township | $250K | $265.2K | +6.1% |
| Ohio Township | $450K | $456.5K | +1.4% |
Housing Supply in Ohio Township, PA
How many homes are available in Ohio Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Ohio Township real estate market had 21 homes for sale in March 2024, a 8.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Ohio Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ohio Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ohio Township in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Ohio Township, PA
How long does it take to sell a home in Ohio Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 86 Days | 43 Days | -49.3% |
Summary: Homes in Ohio Township had an average of 43 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ohio Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Ohio Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
