Is Hiram Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hiram Township has remained a Seller's Market.
Key Takeaway
Hiram Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hiram Township, OH
How much do homes in Hiram Township, OH cost?
Median Sold Price
$275,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hiram Township have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Hiram Township was $275,000 in April 2024, up 13.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $73K | -66.8% |
| 3 Bedrooms | $223K | $275K | +23.3% |
| 4 Bedrooms | $292K | $372K | +27.4% |
| 5+ Bedrooms | $472.5K | - | N/A |
Summary: Hiram Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hiram | $196.2K | $275K | +40.1% |
| Hiram Township | $241.5K | $275K | +13.9% |
| Garrettsville | $230K | $260K | +13.0% |
| Troy Township | $244K | $260K | +6.6% |
| Mantua Township | $260K | $255.5K | -1.7% |
Housing Supply in Hiram Township, OH
How many homes are available in Hiram Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Hiram Township real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hiram Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hiram 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 Hiram Township in April 2024, up by 50.0% 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 Hiram Township, OH
How long does it take to sell a home in Hiram Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 5 Days | -89.5% |
Summary: Homes in Hiram Township had an average of 5 days on market in Apr 2024, down by 89.5% 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 Hiram Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Hiram 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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