Is Jefferson Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jefferson Township was a Seller's Market.
Key Takeaway
Jefferson Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jefferson Township, OH
How much do homes in Jefferson Township, OH cost?
Median Sold Price
$195,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jefferson Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Jefferson Township was $195,000 in May 2024, up 5.4% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140.5K | $126K | -10.3% |
| 3 Bedrooms | $183.4K | $175K | -4.6% |
| 4 Bedrooms | $230K | $222.7K | -3.2% |
| 5+ Bedrooms | $185K | $209K | +13.0% |
Summary: Jefferson 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 10.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Union Township | $217.5K | $299.9K | +37.9% |
| Jefferson Township | $184.9K | $195K | +5.4% |
| Knox Township | $223K | $130K | -41.7% |
Housing Supply in Jefferson Township, OH
How many homes are available in Jefferson Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Jefferson Township real estate market had 20 homes for sale in May 2024, a 5.3% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Jefferson 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 decreased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Jefferson Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Jefferson Township, OH
How long does it take to sell a home in Jefferson Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 28 Days | -54.7% |
Summary: Homes in Jefferson Township had an average of 28 days on market in May 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Jefferson Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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