Is Truro 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, Truro Township has remained a Seller's Market.
Key Takeaway
Truro Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Truro Township, OH
How much do homes in Truro Township, OH cost?
Median Sold Price
$265,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Truro Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Truro Township was $265,000 in May 2024, up 4.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144K | $171.6K | +19.2% |
| 3 Bedrooms | $237.3K | $250K | +5.3% |
| 4 Bedrooms | $311.6K | $318.6K | +2.3% |
| 5+ Bedrooms | $342K | $349K | +2.0% |
Summary: Truro 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 19.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $365K | $389.7K | +6.8% |
| Truro Township | $254.6K | $265K | +4.1% |
| Blacklick | $331.9K | $340K | +2.4% |
| Reynoldsburg | $281.8K | $288K | +2.2% |
Housing Supply in Truro Township, OH
How many homes are available in Truro Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 93 | +6.9% |
Summary: The Truro Township real estate market had 93 homes for sale in May 2024, a 6.9% 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 | 9 | 11 | +22.2% |
| 3 Bedrooms | 43 | 51 | +18.6% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Truro 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 22.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Truro Township, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Truro Township in May 2024, down by 3.6% month-over-month. Of the 27 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for Truro Township, OH
How long does it take to sell a home in Truro Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 26 Days | +78.2% |
Summary: Homes in Truro Township had an average of 26 days on market in May 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Truro Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Truro Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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.