Is Mechanic 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, Mechanic Township has remained a Seller's Market.
Housing Prices in Mechanic Township, OH
How much do homes in Mechanic Township, OH cost?
Median Sold Price
$310,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mechanic Township was $310,500 in May 2024, up 2.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $200K | -27.3% |
3 Bedrooms | $303K | $310.5K | +2.5% |
4 Bedrooms | $345K | $875K | +153.6% |
5+ Bedrooms | $1.1M | $287.5K | -73.9% |
Summary: Mechanic 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 27.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 153.6%, and 5+ bedroom homes decreased by 73.9%.
Housing Supply in Mechanic Township, OH
How many homes are available in Mechanic Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Summary: The Mechanic Township real estate market had 4 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mechanic 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mechanic Township in May 2024, up by 100.0% 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 Mechanic Township, OH
How long does it take to sell a home in Mechanic Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 7 Days | -63.2% |
Summary: Homes in Mechanic Township had an average of 7 days on market in May 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Mechanic 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.