Is Licking 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, Licking Township has remained a Seller's Market.
Housing Prices in Licking Township, OH
How much do homes in Licking Township, OH cost?
Median Sold Price
$339,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Licking Township was $339,000 in May 2024, down 10.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.7K | - | N/A |
2 Bedrooms | $398K | $397.5K | -0.1% |
3 Bedrooms | $320K | $302.5K | -5.5% |
4 Bedrooms | $417.5K | $368K | -11.9% |
5+ Bedrooms | $397.5K | $550K | +38.4% |
Summary: Licking 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 0.1%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 38.4%.
Median Sold Price Compared To Nearby Cities
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 Licking Township, OH
How many homes are available in Licking Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Licking Township real estate market had 20 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Licking 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Licking Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Licking Township, OH
How long does it take to sell a home in Licking Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 22 Days | +411.5% |
Summary: Homes in Licking Township had an average of 22 days on market in May 2024, up by 411.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Licking Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.