Is Rome 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, Rome Township has remained a Seller's Market.
Key Takeaway
Rome Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rome Township, OH
How much do homes in Rome Township, OH cost?
Median Sold Price
$250,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rome Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Rome Township was $250,000 in May 2024, up 3.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $168K | -32.8% |
| 3 Bedrooms | $225K | $227K | +0.9% |
| 4 Bedrooms | $317.2K | $320K | +0.9% |
| 5+ Bedrooms | $450K | $740K | +64.4% |
Summary: Rome 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 32.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 64.4%.
Median Sold Price Compared To Nearby Cities
| Rome Township | $240.9K | $250K | +3.8% |
| Morgan Township | $220K | $225.4K | +2.5% |
| Rome | $240.9K | $239K | -0.8% |
| Roaming Shores | $268K | $257.5K | -3.9% |
Housing Supply in Rome Township, OH
How many homes are available in Rome Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Rome Township real estate market had 27 homes for sale in May 2024, a 8.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rome 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 12 | +300.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rome Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Rome Township in May 2024, up by 300.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Rome Township, OH
How long does it take to sell a home in Rome Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 168 Days | 34 Days | -79.4% |
Summary: Homes in Rome Township had an average of 34 days on market in May 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rome Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Rome Township; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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