Is Sagamore Hills 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, Sagamore Hills Township has remained a Seller's Market.
Key Takeaway
Sagamore Hills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sagamore Hills Township, OH
How much do homes in Sagamore Hills Township, OH cost?
Median Sold Price
$269,050
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sagamore Hills Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Sagamore Hills Township was $269,050 in May 2024, up 5.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.9K | $125K | +10.7% |
| 2 Bedrooms | $185K | $174K | -5.9% |
| 3 Bedrooms | $295K | $297.5K | +0.8% |
| 4 Bedrooms | $367.5K | $462.5K | +25.9% |
| 5+ Bedrooms | $450K | $435K | -3.3% |
Summary: Sagamore Hills Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Sagamore Hills Township | $255.9K | $269K | +5.1% |
| Northfield | $234.9K | $245K | +4.3% |
| Walton Hills | $275K | $279K | +1.5% |
| Brecksville | $375.3K | $372.5K | -0.8% |
| Northfield Center Township | $273.7K | $254K | -7.2% |
Housing Supply in Sagamore Hills Township, OH
How many homes are available in Sagamore Hills Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Sagamore Hills Township real estate market had 29 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sagamore Hills Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 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 Sagamore Hills Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sagamore Hills Township in May 2024, down by 41.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sagamore Hills Township, OH
How long does it take to sell a home in Sagamore Hills Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 43 Days | +79.0% |
Summary: Homes in Sagamore Hills Township had an average of 43 days on market in May 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sagamore Hills Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Sagamore Hills Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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