Is Weathersfield 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, Weathersfield Township has remained a Seller's Market.
Key Takeaway
Weathersfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weathersfield Township, OH
How much do homes in Weathersfield Township, OH cost?
Median Sold Price
$131,400
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weathersfield Township have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Weathersfield Township was $131,400 in May 2024, up 19.5% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | $40K | +100.0% |
| 2 Bedrooms | $90K | $80K | -11.1% |
| 3 Bedrooms | $113K | $150K | +32.7% |
| 4 Bedrooms | $133.2K | $157K | +17.8% |
| 5+ Bedrooms | $156.5K | $199.9K | +27.8% |
Summary: Weathersfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Niles | $105K | $130K | +23.8% |
| Mc Donald | $118K | $144.7K | +22.7% |
| Weathersfield Township | $110K | $131.4K | +19.5% |
| Mineral Ridge | $183.5K | $191K | +4.1% |
Housing Supply in Weathersfield Township, OH
How many homes are available in Weathersfield Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 70 | -1.4% |
Summary: The Weathersfield Township real estate market had 70 homes for sale in May 2024, a 1.4% decrease 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 | 17 | 18 | +5.9% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Weathersfield 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 increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weathersfield Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Weathersfield Township in May 2024, up by 22.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 14% were sold at asking, and 32% were sold over asking.
Days on Market for Weathersfield Township, OH
How long does it take to sell a home in Weathersfield Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 65 Days | +68.4% |
Summary: Homes in Weathersfield Township had an average of 65 days on market in May 2024, up by 68.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weathersfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Weathersfield Township; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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