Is Salem 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, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$172,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salem Township was $172,500 in April 2024, up 18.6% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $70.6K | -21.5% |
2 Bedrooms | $124.9K | $124K | -0.7% |
3 Bedrooms | $150K | $176.2K | +17.5% |
4 Bedrooms | $235K | $214K | -8.9% |
5+ Bedrooms | $177.5K | $181.2K | +2.1% |
Summary: Salem Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Salem Township | $145.5K | $172.5K | +18.6% |
Monroe Township | $376.2K | $361.7K | -3.8% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 105 | +22.1% |
Summary: The Salem Township real estate market had 105 homes for sale in April 2024, a 22.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 56 | 62 | +10.7% |
4 Bedrooms | 8 | 17 | +112.5% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Salem 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 26.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Salem Township in April 2024, up by 64.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 71 Days | 0.2% |
Summary: Homes in Salem Township had an average of 71 days on market in Apr 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Salem Township; 30% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.