Is Madison Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$250,360
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $250,360 in April 2024, up 2.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $311.8K | +55.9% |
2 Bedrooms | $189K | $217K | +14.8% |
3 Bedrooms | $214.4K | $224.6K | +4.7% |
4 Bedrooms | $320K | $342.5K | +7.0% |
5+ Bedrooms | $315K | $267K | -15.2% |
Summary: Madison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Obetz | $275K | $296.7K | +7.9% |
Groveport | $278.5K | $299.9K | +7.7% |
Canal Winchester | $301.9K | $324.9K | +7.6% |
Madison Township | $245K | $250.3K | +2.2% |
Canal Winchester | $325K | $325K | 0.0% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
191 | 186 | -2.6% |
Summary: The Madison Township real estate market had 186 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 109 | 111 | +1.8% |
4 Bedrooms | 52 | 49 | -5.8% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Madison 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 decreased by 15%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 51 | -3.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Madison Township in April 2024, down by 3.8% month-over-month. Of the 51 sold homes, 25% were sold under asking, 33% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -24.9% |
Summary: Homes in Madison Township had an average of 31 days on market in Apr 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Madison Township; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.