Is Miami 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, Miami Township has remained a Seller's Market.
Key Takeaway
Miami Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miami Township, OH
How much do homes in Miami Township, OH cost?
Median Sold Price
$225,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Miami Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Miami Township was $225,500 in April 2024, up 3.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.9K | $101.2K | +60.8% |
| 2 Bedrooms | $113.7K | $128.9K | +13.4% |
| 3 Bedrooms | $216.2K | $225K | +4.0% |
| 4 Bedrooms | $290K | $320K | +10.3% |
| 5+ Bedrooms | $299K | $301K | +0.7% |
Summary: Miami Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Moraine | $137.5K | $157.9K | +14.9% |
| Miamisburg | $209.3K | $230.2K | +10.0% |
| Miami Township | $218.7K | $225.5K | +3.1% |
| Jefferson Township | $164K | $165K | +0.6% |
| West Carrollton | $155K | $154.7K | -0.2% |
Housing Supply in Miami Township, OH
How many homes are available in Miami Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 126 | -3.8% |
Summary: The Miami Township real estate market had 126 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 74 | 71 | -4.1% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Miami Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 36 | -39.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Township, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Miami Township in April 2024, down by 39.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for Miami Township, OH
How long does it take to sell a home in Miami Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +2.6% |
Summary: Homes in Miami Township had an average of 57 days on market in Apr 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miami Township has remained consistent over time.
Summary: During April 2024, 36 homes were sold in Miami Township; 17% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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