Is Mad River 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, Mad River Township has remained a Seller's Market.
Housing Prices in Mad River Township, OH
How much do homes in Mad River Township, OH cost?
Median Sold Price
$223,750
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mad River Township was $223,750 in May 2024, up 2.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $313.5K | - | N/A |
2 Bedrooms | $219.9K | $186.2K | -15.3% |
3 Bedrooms | $205K | $214.5K | +4.6% |
4 Bedrooms | $271K | $250K | -7.7% |
5+ Bedrooms | $348K | $402K | +15.5% |
Summary: Mad River 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 15.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
Green Township | $197.5K | $306K | +54.9% |
Enon | $183.9K | $215K | +16.9% |
Bath Township | $164.9K | $184.9K | +12.1% |
Bethel Township | $167K | $180.4K | +8.0% |
Mad River Township | $218K | $223.7K | +2.6% |
Housing Supply in Mad River Township, OH
How many homes are available in Mad River Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Summary: The Mad River Township real estate market had 36 homes for sale in May 2024, a 9.1% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Mad River 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 remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 18 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Mad River Township in May 2024, up by 100.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for Mad River Township, OH
How long does it take to sell a home in Mad River Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 39 Days | -27.6% |
Summary: Homes in Mad River Township had an average of 39 days on market in May 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Mad River Township; 39% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.