Is Copley 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, Copley Township has remained a Seller's Market.
Key Takeaway
Copley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Copley Township, OH
How much do homes in Copley Township, OH cost?
Median Sold Price
$321,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Copley Township have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Copley Township was $321,000 in May 2024, up 13.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $155K | -11.4% |
| 3 Bedrooms | $236.5K | $271K | +14.6% |
| 4 Bedrooms | $427.5K | $435K | +1.8% |
| 5+ Bedrooms | $471.4K | $605K | +28.3% |
Summary: Copley 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 decreased by 11.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Copley Township | $281.8K | $321K | +13.9% |
| Akron | $125.8K | $132.7K | +5.5% |
| Bath Township | $475.2K | $489.9K | +3.1% |
| Fairlawn | $287.1K | $273.8K | -4.6% |
| Norton | $255K | $230K | -9.8% |
Housing Supply in Copley Township, OH
How many homes are available in Copley Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 57 | +18.8% |
Summary: The Copley Township real estate market had 57 homes for sale in May 2024, a 18.8% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Copley 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 75%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Copley Township, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Copley Township in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Copley Township, OH
How long does it take to sell a home in Copley Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 46 Days | +77.2% |
Summary: Homes in Copley Township had an average of 46 days on market in May 2024, up by 77.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Copley Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Copley Township; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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