Is Ohio Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ohio Township is a seller's market

Buyer's
Market

Difference Since September 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

$459,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,999(+2.0%)

Key Takeaway

Homes in Ohio Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Ohio Township was $459,000 in September 2024, up 2% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $390.4K$427.5K
+9.5%
3 $421.5K$411K
-2.5%
4 $575K$559.9K
-2.6%
5+ -$728K
N/A

Summary: Ohio Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Franklin Park
+10.8%
Ross Township
+6.5%
Ohio Township
+2.0%

Housing Supply in Ohio Township, PA

How many homes are available in Ohio Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1416+14.3%

Summary: The Ohio Township real estate market had 16 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 99
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Ohio Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

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 Ohio 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 Ohio Township in September 2024, down by 25.0% 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 Ohio Township, PA

How long does it take to sell a home in Ohio Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
45 Days32 Days-28.7%

Summary: Homes in Ohio Township had an average of 32 days on market in Sep 2024, down by 28.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 Ohio Township has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Ohio Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Ohio Township, PA

Nearby Markets to Ohio Township, PA

What housing markets are near Ohio Township, PA?