Is Galion City 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, Galion City Township has remained a Seller's Market.
Key Takeaway
Galion City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galion City Township, OH
How much do homes in Galion City Township, OH cost?
Median Sold Price
$145,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Galion City Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Galion City Township was $145,000 in May 2024, up 5.1% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117K | $85K | -27.4% |
| 3 Bedrooms | $139.4K | $154.7K | +11.0% |
| 4 Bedrooms | $188.9K | $183.4K | -2.9% |
| 5+ Bedrooms | $97.5K | $149K | +52.8% |
Summary: Galion City 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 decreased by 27.4%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Cities
| Galion | $148.7K | $180K | +21.0% |
| Galion City Township | $138K | $145K | +5.1% |
| Polk Township | $209K | $215K | +2.9% |
| Jackson Township | $189.9K | $190K | 0.1% |
| Jefferson Township | $184.9K | $182.5K | -1.3% |
Housing Supply in Galion City Township, OH
How many homes are available in Galion City Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Galion City Township real estate market had 10 homes for sale in May 2024, a 23.1% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Galion City 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 decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galion City Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Galion City Township in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Galion City Township, OH
How long does it take to sell a home in Galion City Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 38 Days | +144.4% |
Summary: Homes in Galion City Township had an average of 38 days on market in May 2024, up by 144.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galion City Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Galion City Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.