Is Auburn Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Auburn Township has remained a Seller's Market.
Key Takeaway
Auburn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn Township, OH
How much do homes in Auburn Township, OH cost?
Median Sold Price
$476,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Auburn Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Auburn Township was $476,000 in May 2024, up 10.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $309K | $341.5K | +10.5% |
| 3 Bedrooms | $344.5K | $405K | +17.6% |
| 4 Bedrooms | $501K | $580K | +15.8% |
| 5+ Bedrooms | $645K | $814K | +26.2% |
Summary: Auburn Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Chagrin Falls | $450.6K | $539.6K | +19.8% |
| Auburn Township | $431.5K | $476K | +10.3% |
| Troy Township | $247K | $259.9K | +5.3% |
| Newbury Township | $291K | $261K | -10.3% |
| Newbury | $295K | $250.5K | -15.1% |
Housing Supply in Auburn Township, OH
How many homes are available in Auburn Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Auburn Township real estate market had 14 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Auburn Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Auburn Township in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Auburn Township, OH
How long does it take to sell a home in Auburn Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 11 Days | -86.7% |
Summary: Homes in Auburn Township had an average of 11 days on market in May 2024, down by 86.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Auburn Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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