Is Suffield 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, Suffield Township has remained a Seller's Market.
Key Takeaway
Suffield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suffield Township, OH
How much do homes in Suffield Township, OH cost?
Median Sold Price
$259,900
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Suffield Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Suffield Township was $259,900 in April 2024, up 10.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | - | N/A |
| 2 Bedrooms | $182K | $256.5K | +40.9% |
| 3 Bedrooms | $226K | $250K | +10.6% |
| 4 Bedrooms | $290K | $335K | +15.5% |
| 5+ Bedrooms | $450K | $350K | -22.2% |
Summary: Suffield 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 40.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Cities
| Mogadore | $205.5K | $231.7K | +12.7% |
| Mogadore | $205K | $228.2K | +11.3% |
| Suffield Township | $235.5K | $259.9K | +10.4% |
| Lake Township | $275K | $291.2K | +5.9% |
| Brimfield Township | $260K | $246.5K | -5.2% |
Housing Supply in Suffield Township, OH
How many homes are available in Suffield Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Suffield Township real estate market had 16 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Suffield 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 remained the same, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffield Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Suffield Township in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Suffield Township, OH
How long does it take to sell a home in Suffield Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +31.5% |
Summary: Homes in Suffield Township had an average of 24 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suffield Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Suffield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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