Is Brown 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, Brown Township has remained a Seller's Market.
Key Takeaway
Brown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brown Township, OH
How much do homes in Brown Township, OH cost?
Median Sold Price
$627,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brown Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Brown Township was $627,500 in May 2024, up 8.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $760K | $438K | -42.4% |
| 3 Bedrooms | $455K | $520K | +14.3% |
| 4 Bedrooms | $650K | $642.5K | -1.2% |
| 5+ Bedrooms | $650.8K | $765K | +17.5% |
Summary: Brown Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Prairie Township | $225K | $251K | +11.6% |
| Brown Township | $580K | $627.5K | +8.2% |
| Jefferson Township | $209.9K | $220K | +4.8% |
| Hilliard | $353.2K | $365K | +3.4% |
Housing Supply in Brown Township, OH
How many homes are available in Brown Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Brown Township real estate market had 19 homes for sale in May 2024, a 5.6% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Brown 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brown Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Brown Township in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Brown Township, OH
How long does it take to sell a home in Brown Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 65 Days | +328.0% |
Summary: Homes in Brown Township had an average of 65 days on market in May 2024, up by 328% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brown Township has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Brown 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.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.