Is Danbury Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Danbury Township was a Buyer's Market.
Key Takeaway
Danbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danbury Township, OH
How much do homes in Danbury Township, OH cost?
Median Sold Price
$439,900
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Danbury Township have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Danbury Township was $439,900 in May 2024, up 14.6% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $210K | +35.5% |
| 2 Bedrooms | $300K | $285K | -5.0% |
| 3 Bedrooms | $392.5K | $457.5K | +16.6% |
| 4 Bedrooms | $605K | $604.5K | -0.1% |
| 5+ Bedrooms | $825K | $1.1M | +39.4% |
Summary: Danbury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 39.4%.
Median Sold Price Compared To Nearby Cities
| Portage Township | $178.2K | $261K | +46.4% |
| Marblehead | $386.5K | $471K | +21.9% |
| Catawba Island Township | $415K | $483K | +16.4% |
| Lakeside Marblehead | $377.5K | $437.9K | +16.0% |
| Danbury Township | $384K | $439.9K | +14.6% |
Housing Supply in Danbury Township, OH
How many homes are available in Danbury Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +10.7% |
Summary: The Danbury Township real estate market had 83 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Danbury Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danbury Township, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Danbury Township in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for Danbury Township, OH
How long does it take to sell a home in Danbury Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 52 Days | +44.5% |
Summary: Homes in Danbury Township had an average of 52 days on market in May 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Danbury Township has remained consistent over time.
Summary: During May 2024, 14 homes were sold in Danbury Township; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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