Is Troy 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, Troy Township has remained a Seller's Market.
Housing Prices in Troy Township, OH
How much do homes in Troy Township, OH cost?
Median Sold Price
$259,994
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troy Township was $259,994 in May 2024, up 5.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64K | $65K | +1.6% |
2 Bedrooms | $132K | $159.9K | +21.2% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $365K | $355K | -2.7% |
5+ Bedrooms | $407K | $470.7K | +15.7% |
Summary: Troy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Hiram Township | $218.7K | $285K | +30.3% |
Middlefield Township | $230K | $266.7K | +16.0% |
Burton Township | $240K | $260K | +8.3% |
Troy Township | $247K | $259.9K | +5.3% |
Housing Supply in Troy Township, OH
How many homes are available in Troy Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 122 | +18.4% |
Summary: The Troy Township real estate market had 122 homes for sale in May 2024, a 18.4% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 56 | 64 | +14.3% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Troy 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 25 | -16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Troy Township in May 2024, down by 16.7% month-over-month. Of the 25 sold homes, 60% were sold under asking, 12% were sold at asking, and 28% were sold over asking.
Days on Market for Troy Township, OH
How long does it take to sell a home in Troy Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 67 Days | +21.7% |
Summary: Homes in Troy Township had an average of 67 days on market in May 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Troy Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.