Is Union 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, Union Township has remained a Seller's Market.
Housing Prices in Union Township, OH
How much do homes in Union Township, OH cost?
Median Sold Price
$319,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union Township was $319,000 in May 2024, up 10.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.6K | $240K | +9.2% |
2 Bedrooms | $180K | $198.5K | +10.3% |
3 Bedrooms | $270K | $289K | +7.0% |
4 Bedrooms | $365K | $392K | +7.4% |
5+ Bedrooms | $710K | $651K | -8.3% |
Summary: Union Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
Buckeye Lake | $198.5K | $249.2K | +25.5% |
Heath | $256K | $285K | +11.3% |
Union Township | $289K | $319K | +10.4% |
Hebron | $328.5K | $351.9K | +7.1% |
Licking Township | $380K | $339K | -10.8% |
Housing Supply in Union Township, OH
How many homes are available in Union Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 62 | +29.2% |
Summary: The Union Township real estate market had 62 homes for sale in May 2024, a 29.2% 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 | 8 | 11 | +37.5% |
3 Bedrooms | 24 | 35 | +45.8% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Union 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 37.5%, 3 bedroom homes increased by 45.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Union Township in May 2024, up by 100.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Union Township, OH
How long does it take to sell a home in Union Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 36 Days | +24.1% |
Summary: Homes in Union Township had an average of 36 days on market in May 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Union Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.