Is Madison 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, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$199,700
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $199,700 in May 2024, up 3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | $75K | -36.8% |
2 Bedrooms | $146.7K | $112K | -23.7% |
3 Bedrooms | $185K | $190K | +2.7% |
4 Bedrooms | $245K | $244K | -0.4% |
5+ Bedrooms | $325K | $244.5K | -24.8% |
Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Cities
Mansfield Township | $174K | $195K | +12.1% |
Mansfield | $174K | $195K | +12.1% |
Springfield Township | $177.9K | $185K | +4.0% |
Madison Township | $193.9K | $199.7K | +3.0% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The Madison Township real estate market had 60 homes for sale in May 2024, a 9.1% 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 | 9 | 13 | +44.4% |
3 Bedrooms | 32 | 32 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Madison 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 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Madison Township in May 2024, up by 10.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 48% were sold at asking, and 29% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 47 Days | +20.8% |
Summary: Homes in Madison Township had an average of 47 days on market in May 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Madison Township; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.