Is Salem Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$172,833
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salem Township was $172,833 in April 2024, up 18.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $70.6K | -21.5% |
2 Bedrooms | $119.1K | $118K | -1.0% |
3 Bedrooms | $150K | $181.2K | +20.8% |
4 Bedrooms | $235K | $225K | -4.3% |
5+ Bedrooms | $177.5K | $185K | +4.2% |
Summary: Salem Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Richmond | $155K | $230K | +48.4% |
Salem Township | $146K | $172.8K | +18.4% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 109 | +22.5% |
Summary: The Salem Township real estate market had 109 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 58 | 67 | +15.5% |
4 Bedrooms | 8 | 16 | +100.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Salem Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Salem Township in April 2024, up by 43.8% month-over-month. Of the 22 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 79 Days | +9.8% |
Summary: Homes in Salem Township had an average of 79 days on market in Apr 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Salem Township; 30% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.