Is Salem 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, 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
$164,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salem Township was $164,500 in May 2024, up 10.7% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $76.3K | -15.2% |
2 Bedrooms | $125K | $123K | -1.6% |
3 Bedrooms | $150K | $175K | +16.7% |
4 Bedrooms | $225.6K | $220.6K | -2.2% |
5+ Bedrooms | $135K | $135K | 0.0% |
Summary: Salem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Salem Township | $148.6K | $164.5K | +10.7% |
Newcomerstown | $129.9K | $142.5K | +9.7% |
Jefferson Township | $184.9K | $171K | -7.5% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 91 | -12.5% |
Summary: The Salem Township real estate market had 91 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 63 | 54 | -14.3% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Salem 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 decreased by 15.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Salem Township in May 2024, up by 11.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 53 Days | +26.4% |
Summary: Homes in Salem Township had an average of 53 days on market in May 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Salem Township; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.