Is Morgan 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, Morgan Township has remained a Seller's Market.
Housing Prices in Morgan Township, OH
How much do homes in Morgan Township, OH cost?
Median Sold Price
$225,450
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Morgan Township was $225,450 in May 2024, up 2.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $415K | $219.9K | -47.0% |
3 Bedrooms | $197.5K | $214.5K | +8.6% |
4 Bedrooms | $234.9K | $373K | +58.8% |
5+ Bedrooms | - | $380K | N/A |
Summary: Morgan 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 47%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rock Creek | $183K | $230.5K | +26.0% |
Morgan Township | $220K | $225.4K | +2.5% |
Roaming Shores | $268K | $257.5K | -3.9% |
Housing Supply in Morgan Township, OH
How many homes are available in Morgan Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Summary: The Morgan Township real estate market had 18 homes for sale in May 2024, a 38.5% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Morgan 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 9.1%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Morgan Township in May 2024, up by 600.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Morgan Township, OH
How long does it take to sell a home in Morgan Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 79 Days | +324.7% |
Summary: Homes in Morgan Township had an average of 79 days on market in May 2024, up by 324.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Morgan Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.