Is Lemon Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lemon Township has remained a Seller's Market.
Key Takeaway
Lemon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lemon Township, OH
How much do homes in Lemon Township, OH cost?
Median Sold Price
$210,000
$168/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Lemon Township have sold for 16% less than they did a month ago.
Summary: The median home sold price in Lemon Township was $210,000 in April 2024, down 16% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $150K | -40.0% |
| 3 Bedrooms | $218K | $265.7K | +21.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $565K | - | N/A |
Summary: Lemon Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 21.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monroe | $270K | $310K | +14.8% |
| Lemon Township | $250K | $210K | -16.0% |
Housing Supply in Lemon Township, OH
How many homes are available in Lemon Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Lemon Township real estate market had 23 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lemon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lemon Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lemon Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lemon Township, OH
How long does it take to sell a home in Lemon Township, OH?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 43 Days | -32.5% |
Summary: Homes in Lemon Township had an average of 43 days on market in Apr 2024, down by 32.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lemon Township has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Lemon Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.