Is Gustavus Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gustavus Township has remained a Seller's Market.
Key Takeaway
Gustavus Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gustavus Township, OH
How much do homes in Gustavus Township, OH cost?
Median Sold Price
$205,000
$152/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Gustavus Township have sold for 36.9% less than they did a month ago.
Summary: The median home sold price in Gustavus Township was $205,000 in May 2024, down 36.9% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $155K | $205K | +32.3% |
| 4 Bedrooms | $340K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gustavus Township housing prices by bedroom type for May 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 increased by 32.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kinsman | $100K | $240K | +140.0% |
| Gustavus Township | $325K | $205K | -36.9% |
Housing Supply in Gustavus Township, OH
How many homes are available in Gustavus Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Summary: The Gustavus Township real estate market had 1 homes for sale in May 2024, a 75.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gustavus 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 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gustavus Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Gustavus Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gustavus Township, OH
How long does it take to sell a home in Gustavus Township, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 48 Days | +200.0% |
Summary: Homes in Gustavus Township had an average of 48 days on market in May 2024, up by 200% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gustavus Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Gustavus Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
