Is Wadsworth 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, Wadsworth Township has remained a Seller's Market.
Key Takeaway
Wadsworth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadsworth Township, OH
How much do homes in Wadsworth Township, OH cost?
Median Sold Price
$287,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wadsworth Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Wadsworth Township was $287,000 in May 2024, up 12.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | - | N/A |
| 2 Bedrooms | $185K | $174.7K | -5.5% |
| 3 Bedrooms | $242.5K | $260K | +7.2% |
| 4 Bedrooms | $349.9K | $365K | +4.3% |
| 5+ Bedrooms | $444K | $500K | +12.6% |
Summary: Wadsworth 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 decreased by 5.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Sharon Township | $470K | $552K | +17.4% |
| Wadsworth | $253.2K | $287K | +13.3% |
| Wadsworth Township | $255.2K | $287K | +12.4% |
| Chippewa Township | $245K | $263K | +7.3% |
| Norton | $255K | $230K | -9.8% |
Housing Supply in Wadsworth Township, OH
How many homes are available in Wadsworth Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 101 | +21.7% |
Summary: The Wadsworth Township real estate market had 101 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 10 | +233.3% |
| 3 Bedrooms | 37 | 48 | +29.7% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wadsworth 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 increased by 233.3%, 3 bedroom homes increased by 29.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 32 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wadsworth Township, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Wadsworth Township in May 2024, up by 60.0% month-over-month. Of the 31 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for Wadsworth Township, OH
How long does it take to sell a home in Wadsworth Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 27 Days | -27.2% |
Summary: Homes in Wadsworth Township had an average of 27 days on market in May 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wadsworth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Wadsworth Township; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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