Is Amherst 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, Amherst Township has remained a Seller's Market.
Key Takeaway
Amherst Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst Township, OH
How much do homes in Amherst Township, OH cost?
Median Sold Price
$265,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Amherst Township have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Amherst Township was $265,000 in May 2024, up 10.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $168K | +1.8% |
| 3 Bedrooms | $225K | $246K | +9.3% |
| 4 Bedrooms | $270K | $310K | +14.8% |
| 5+ Bedrooms | $339.9K | $522.5K | +53.7% |
Summary: Amherst 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 increased by 1.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 53.7%.
Housing Supply in Amherst Township, OH
How many homes are available in Amherst Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 67 | +48.9% |
Summary: The Amherst Township real estate market had 67 homes for sale in May 2024, a 48.9% 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 23 | 34 | +47.8% |
| 4 Bedrooms | 11 | 19 | +72.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Amherst 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 20%, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Amherst Township in May 2024, up by 63.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Amherst Township, OH
How long does it take to sell a home in Amherst Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 23 Days | -42.3% |
Summary: Homes in Amherst Township had an average of 23 days on market in May 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Amherst Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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