Is Madison 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, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$205,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $205,000 in May 2024, up 4.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | - | N/A |
2 Bedrooms | $148.5K | $120K | -19.2% |
3 Bedrooms | $193.5K | $197K | +1.8% |
4 Bedrooms | $245K | $245K | 0.0% |
5+ Bedrooms | $340.7K | $244.5K | -28.2% |
Summary: Madison 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 19.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
Perry Township | $235K | $255K | +8.5% |
Madison Township | $196.5K | $205K | +4.3% |
Pleasant Township | $238.5K | $229.4K | -3.8% |
Monroe Township | $357.5K | $337.5K | -5.6% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 65 | +16.1% |
Summary: The Madison Township real estate market had 65 homes for sale in May 2024, a 16.1% 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 | 14 | +55.6% |
3 Bedrooms | 33 | 36 | +9.1% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Madison 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 55.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Madison Township in May 2024, up by 27.8% month-over-month. Of the 23 sold homes, 22% were sold under asking, 48% were sold at asking, and 30% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 43 Days | +16.4% |
Summary: Homes in Madison Township had an average of 43 days on market in May 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Madison Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.