Is Miami 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, Miami Township has remained a Seller's Market.
Key Takeaway
Miami Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miami Township, OH
How much do homes in Miami Township, OH cost?
Median Sold Price
$379,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Miami Township have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Miami Township was $379,000 in May 2024, up 17.3% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $322.2K | N/A |
| 2 Bedrooms | $256.3K | $262K | +2.2% |
| 3 Bedrooms | $327.4K | $367.5K | +12.2% |
| 4 Bedrooms | $348.3K | $504K | +44.7% |
| 5+ Bedrooms | $2.6M | $435K | -83.3% |
Summary: Miami 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 increased by 2.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes decreased by 83.3%.
Median Sold Price Compared To Nearby Cities
| Green Township | $197.5K | $306K | +54.9% |
| Yellow Springs | $327.4K | $396.2K | +21.0% |
| Miami Township | $323K | $379K | +17.3% |
| Cedarville Township | $235K | $257.5K | +9.6% |
Housing Supply in Miami Township, OH
How many homes are available in Miami Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Miami Township real estate market had 23 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Miami Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Miami Township in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Miami Township, OH
How long does it take to sell a home in Miami Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 25 Days | -44.5% |
Summary: Homes in Miami Township had an average of 25 days on market in May 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miami Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Miami Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.