Is Prospect 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, Prospect Township has remained a Buyer's Market.
Key Takeaway
Prospect Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Prospect Township, OH
How much do homes in Prospect Township, OH cost?
Median Sold Price
$275,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Prospect Township have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in Prospect Township was $275,000 in May 2024, up 24.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160.7K | $294K | +82.9% |
| 3 Bedrooms | $205K | $265K | +29.3% |
| 4 Bedrooms | $335K | $295K | -11.9% |
| 5+ Bedrooms | $170K | $490K | +188.2% |
Summary: Prospect 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 82.9%, 3 bedroom homes increased by 29.3%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 188.2%.
Median Sold Price Compared To Nearby Cities
| Prospect | $207.5K | $275K | +32.5% |
| Prospect Township | $221K | $275K | +24.4% |
| Pleasant Township | $265K | $275K | +3.8% |
Housing Supply in Prospect Township, OH
How many homes are available in Prospect Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Prospect Township real estate market had 8 homes for sale in May 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Prospect 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Prospect Township in May 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Prospect Township, OH
How long does it take to sell a home in Prospect Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 3 Days | -90.0% |
Summary: Homes in Prospect Township had an average of 3 days on market in May 2024, down by 90% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prospect Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Prospect Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.