Is Pike 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, Pike Township has remained a Seller's Market.
Key Takeaway
Pike Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pike Township, OH
How much do homes in Pike Township, OH cost?
Median Sold Price
$172,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pike Township have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Pike Township was $172,500 in April 2024, up 15.1% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $45K | -47.1% |
| 2 Bedrooms | $127K | $44.4K | -65.0% |
| 3 Bedrooms | $148.8K | $185K | +24.3% |
| 4 Bedrooms | $276.2K | $162.5K | -41.2% |
| 5+ Bedrooms | $355K | $585K | +64.8% |
Summary: Pike Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes decreased by 65%, 3 bedroom homes increased by 24.3%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 64.8%.
Median Sold Price Compared To Nearby Cities
| East Sparta | $150K | $197.7K | +31.8% |
| Pike Township | $149.9K | $172.5K | +15.1% |
| Magnolia | $182.5K | $208K | +14.0% |
Housing Supply in Pike Township, OH
How many homes are available in Pike Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Pike Township real estate market had 5 homes for sale in April 2024, a 28.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pike 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 100%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pike Township in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Pike Township, OH
How long does it take to sell a home in Pike Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 51 Days | -51.1% |
Summary: Homes in Pike Township had an average of 51 days on market in Apr 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pike Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Pike Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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