Is Prairie 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, Prairie Township has remained a Seller's Market.
Housing Prices in Prairie Township, OH
How much do homes in Prairie Township, OH cost?
Median Sold Price
$251,050
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prairie Township was $251,050 in May 2024, up 11.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $74.2K | +14.2% |
2 Bedrooms | $160K | $178K | +11.3% |
3 Bedrooms | $225K | $250K | +11.1% |
4 Bedrooms | $254.9K | $283K | +11.0% |
5+ Bedrooms | $652.5K | $394.9K | -39.5% |
Summary: Prairie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $200K | $230K | +15.0% |
Prairie Township | $225K | $251K | +11.6% |
Brown Township | $580K | $627.5K | +8.2% |
Jefferson Township | $209.9K | $220K | +4.8% |
Norwich Township | $384K | $400.4K | +4.3% |
Housing Supply in Prairie Township, OH
How many homes are available in Prairie Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 54 | +28.6% |
Summary: The Prairie Township real estate market had 54 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Prairie Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Prairie Township in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Prairie Township, OH
How long does it take to sell a home in Prairie Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 15 Days | +63.3% |
Summary: Homes in Prairie Township had an average of 15 days on market in May 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Prairie Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.