Is Concord 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, Concord Township has remained a Seller's Market.
Housing Prices in Concord Township, OH
How much do homes in Concord Township, OH cost?
Median Sold Price
$327,966
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord Township was $327,966 in May 2024, up 7.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $181K | +13.1% |
3 Bedrooms | $280K | $314K | +12.1% |
4 Bedrooms | $353.5K | $380K | +7.5% |
5+ Bedrooms | $479.9K | $640K | +33.4% |
Summary: Concord 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 13.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
Concord Township | $305K | $327.9K | +7.5% |
Painesville Township | $186.3K | $198.6K | +6.6% |
Painesville | $188.3K | $196.8K | +4.5% |
Mentor | $239.9K | $248.5K | +3.6% |
Housing Supply in Concord Township, OH
How many homes are available in Concord Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Concord Township real estate market had 74 homes for sale in May 2024, a 13.8% 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 | 22 | -4.3% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Concord 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 decreased by 4.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Concord Township in May 2024, the same as the previous month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Concord Township, OH
How long does it take to sell a home in Concord Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 29 Days | -12.7% |
Summary: Homes in Concord Township had an average of 29 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Concord Township; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.