Is Munson 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, Munson Township has remained a Seller's Market.
Housing Prices in Munson Township, OH
How much do homes in Munson Township, OH cost?
Median Sold Price
$371,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Munson Township was $371,500 in May 2024, up 2.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $316.5K | $263.7K | -16.7% |
3 Bedrooms | $308.5K | $361.5K | +17.2% |
4 Bedrooms | $378.5K | $410K | +8.3% |
5+ Bedrooms | $665K | $400K | -39.8% |
Summary: Munson 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 16.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 39.8%.
Median Sold Price Compared To Nearby Cities
Chesterland | $320K | $344.5K | +7.7% |
Munson Township | $361.5K | $371.5K | +2.8% |
Chardon | $320K | $315K | -1.6% |
Chardon Township | $321K | $316K | -1.6% |
Newbury | $295K | $250.5K | -15.1% |
Housing Supply in Munson Township, OH
How many homes are available in Munson Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Munson Township real estate market had 20 homes for sale in May 2024, a 25.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Munson 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 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Munson Township in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for Munson Township, OH
How long does it take to sell a home in Munson Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 15 Days | +214.3% |
Summary: Homes in Munson Township had an average of 15 days on market in May 2024, up by 214.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Munson Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.