Is Catawba Island 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, Catawba Island Township has remained a Seller's Market.
Key Takeaway
Catawba Island Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Catawba Island Township, OH
How much do homes in Catawba Island Township, OH cost?
Median Sold Price
$483,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Catawba Island Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Catawba Island Township was $483,000 in May 2024, up 16.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $199.9K | -38.5% |
| 2 Bedrooms | $350K | $420K | +20.0% |
| 3 Bedrooms | $420K | $432K | +2.9% |
| 4 Bedrooms | $750K | $680K | -9.3% |
| 5+ Bedrooms | $777.5K | $777.2K | 0% |
Summary: Catawba Island Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Portage Township | $178.2K | $261K | +46.4% |
| Catawba Island Township | $415K | $483K | +16.4% |
| Lakeside Marblehead | $377.5K | $437.9K | +16.0% |
| Danbury Township | $384K | $439.9K | +14.6% |
Housing Supply in Catawba Island Township, OH
How many homes are available in Catawba Island Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 55 | +22.2% |
Summary: The Catawba Island Township real estate market had 55 homes for sale in May 2024, a 22.2% 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Catawba Island 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 50%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catawba Island Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Catawba Island Township in May 2024, up by 166.7% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Catawba Island Township, OH
How long does it take to sell a home in Catawba Island Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 78 Days | 47 Days | -40.1% |
Summary: Homes in Catawba Island Township had an average of 47 days on market in May 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Catawba Island Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Catawba Island Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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