Is Sylvania 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, Sylvania Township has remained a Seller's Market.
Key Takeaway
Sylvania Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylvania Township, OH
How much do homes in Sylvania Township, OH cost?
Median Sold Price
$281,313
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sylvania Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Sylvania Township was $281,313 in April 2024, up 2.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $92.5K | -7.5% |
| 2 Bedrooms | $139.9K | $165K | +17.9% |
| 3 Bedrooms | $235.4K | $245.5K | +4.3% |
| 4 Bedrooms | $340K | $351.5K | +3.4% |
| 5+ Bedrooms | $387K | $522.5K | +35.0% |
Summary: Sylvania Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 35%.
Median Sold Price Compared To Nearby Cities
| Sylvania | $249.9K | $291.1K | +16.5% |
| Ottawa Hills | $341.5K | $374.9K | +9.8% |
| Sylvania Township | $275K | $281.3K | +2.3% |
| Whiteford Township | $276K | $267.5K | -3.1% |
| Ottawa Lake | $274.5K | $260K | -5.3% |
Housing Supply in Sylvania Township, OH
How many homes are available in Sylvania Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 135 | 154 | +14.1% |
Summary: The Sylvania Township real estate market had 154 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 56 | 73 | +30.4% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Sylvania Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvania Township, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Sylvania Township in April 2024, down by 4.3% month-over-month. Of the 44 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.
Days on Market for Sylvania Township, OH
How long does it take to sell a home in Sylvania Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 55 Days | +17.2% |
Summary: Homes in Sylvania Township had an average of 55 days on market in Apr 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvania Township has remained consistent over time.
Summary: During April 2024, 45 homes were sold in Sylvania Township; 27% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.