Is Granville 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, Granville Township has remained a Seller's Market.
Key Takeaway
Granville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granville Township, OH
How much do homes in Granville Township, OH cost?
Median Sold Price
$470,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Granville Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Granville Township was $470,000 in May 2024, up 6.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $305K | +96.8% |
| 2 Bedrooms | $360K | $250.5K | -30.4% |
| 3 Bedrooms | $388.1K | $385K | -0.8% |
| 4 Bedrooms | $526.3K | $522.5K | -0.7% |
| 5+ Bedrooms | $783.2K | $739.2K | -5.6% |
Summary: Granville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.8%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Union Township | $289K | $319K | +10.4% |
| Granville | $430K | $470K | +9.3% |
| Newark | $208K | $227.4K | +9.3% |
| Granville Township | $442.9K | $470K | +6.1% |
| Newark Township | $217.4K | $227.4K | +4.6% |
Housing Supply in Granville Township, OH
How many homes are available in Granville Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 84 | +27.3% |
Summary: The Granville Township real estate market had 84 homes for sale in May 2024, a 27.3% 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 | 6 | +50.0% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 26 | 38 | +46.2% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Granville 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 26.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granville Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Granville Township in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Granville Township, OH
How long does it take to sell a home in Granville Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 59 Days | +41.5% |
Summary: Homes in Granville Township had an average of 59 days on market in May 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Granville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Granville Township; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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