Is Urbana 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, Urbana Township has remained a Seller's Market.
Housing Prices in Urbana Township, OH
How much do homes in Urbana Township, OH cost?
Median Sold Price
$205,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Urbana Township was $205,000 in May 2024, down 5.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $132K | +32.0% |
2 Bedrooms | $127K | $163K | +28.3% |
3 Bedrooms | $235K | $205K | -12.8% |
4 Bedrooms | $274.4K | $284K | +3.5% |
5+ Bedrooms | $319K | $380K | +19.1% |
Summary: Urbana Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
Union Township | $287K | $335K | +16.7% |
Salem Township | $151.1K | $175K | +15.8% |
Mad River Township | $252K | $282K | +11.9% |
Urbana | $215K | $205K | -4.7% |
Urbana Township | $217.5K | $205K | -5.7% |
Housing Supply in Urbana Township, OH
How many homes are available in Urbana Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Urbana Township real estate market had 42 homes for sale in May 2024, a 16.7% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Urbana 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 100%, 3 bedroom homes increased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Urbana Township in May 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Urbana Township, OH
How long does it take to sell a home in Urbana Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 90 Days | +577.2% |
Summary: Homes in Urbana Township had an average of 90 days on market in May 2024, up by 577.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Urbana Township; 21% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.