Is Nimishillen 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, Nimishillen Township has remained a Seller's Market.
Key Takeaway
Nimishillen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nimishillen Township, OH
How much do homes in Nimishillen Township, OH cost?
Median Sold Price
$225,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nimishillen Township have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Nimishillen Township was $225,000 in May 2024, up 22.6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $135K | -10.0% |
| 3 Bedrooms | $190K | $223K | +17.4% |
| 4 Bedrooms | $221.5K | $262.5K | +18.5% |
| 5+ Bedrooms | - | $475K | N/A |
Summary: Nimishillen 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 10%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paris | $159.9K | $236.5K | +47.9% |
| Nimishillen Township | $183.5K | $225K | +22.6% |
| Louisville | $190K | $227K | +19.5% |
| Canton | $147.4K | $153K | +3.8% |
Housing Supply in Nimishillen Township, OH
How many homes are available in Nimishillen Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Nimishillen Township real estate market had 19 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nimishillen 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nimishillen Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Nimishillen Township in May 2024, down by 54.5% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Nimishillen Township, OH
How long does it take to sell a home in Nimishillen Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 14 Days | -58.5% |
Summary: Homes in Nimishillen Township had an average of 14 days on market in May 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nimishillen Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Nimishillen Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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