Is South Bloomfield 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, South Bloomfield Township has remained a Seller's Market.
Key Takeaway
South Bloomfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Bloomfield Township, OH
How much do homes in South Bloomfield Township, OH cost?
Median Sold Price
$255,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Bloomfield Township have sold for 19% less than they did a year ago.
Summary: The median home sold price in South Bloomfield Township was $255,000 in May 2024, down 19% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $37K | $82K | +121.6% |
| 3 Bedrooms | $310.4K | $215K | -30.8% |
| 4 Bedrooms | $350.7K | $335K | -4.5% |
| 5+ Bedrooms | $260K | - | N/A |
Summary: South Bloomfield 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 increased by 121.6%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bennington Township | $315K | $407.5K | +29.4% |
| South Bloomfield Township | $314.9K | $255K | -19.0% |
Housing Supply in South Bloomfield Township, OH
How many homes are available in South Bloomfield Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The South Bloomfield Township real estate market had 16 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Bloomfield 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Bloomfield Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in South Bloomfield Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for South Bloomfield Township, OH
How long does it take to sell a home in South Bloomfield Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 59 Days | +836.1% |
Summary: Homes in South Bloomfield Township had an average of 59 days on market in May 2024, up by 836.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Bloomfield Township has remained consistent over time.
Summary: During May 2024, 7 homes were sold in South Bloomfield Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.