Is Olmsted 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, Olmsted Township has remained a Seller's Market.
Housing Prices in Olmsted Township, OH
How much do homes in Olmsted Township, OH cost?
Median Sold Price
$243,500
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olmsted Township was $243,500 in April 2024, up 4.7% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105K | N/A |
2 Bedrooms | $52.9K | $57.9K | +9.5% |
3 Bedrooms | $235K | $255.6K | +8.8% |
4 Bedrooms | $367K | $362K | -1.4% |
5+ Bedrooms | $360K | $480.9K | +33.6% |
Summary: Olmsted Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
Berea | $196K | $228K | +16.3% |
North Olmsted | $227.7K | $245K | +7.6% |
Olmsted Township | $232.5K | $243.5K | +4.7% |
Columbia Station | $425K | $437K | +2.8% |
Olmsted Falls | $238K | $241K | +1.3% |
Housing Supply in Olmsted Township, OH
How many homes are available in Olmsted Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The Olmsted Township real estate market had 34 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Olmsted Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Olmsted Township in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Olmsted Township, OH
How long does it take to sell a home in Olmsted Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 26 Days | -14.7% |
Summary: Homes in Olmsted Township had an average of 26 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Olmsted Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.