Is Berkshire Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Berkshire Township was a Seller's Market.
Key Takeaway
Berkshire Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Berkshire Township, OH
How much do homes in Berkshire Township, OH cost?
Median Sold Price
$530,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berkshire Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Berkshire Township was $530,000 in May 2024, up 3.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $424.9K | $474.9K | +11.8% |
| 3 Bedrooms | $482.7K | $464.8K | -3.7% |
| 4 Bedrooms | $524.9K | $571.7K | +8.9% |
| 5+ Bedrooms | $580K | $623.8K | +7.6% |
Summary: Berkshire 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 11.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Sunbury Village Township | $401.1K | $445K | +10.9% |
| Galena | $574.8K | $624.4K | +8.6% |
| Sunbury | $440.6K | $477.4K | +8.3% |
| Berkshire Township | $510.9K | $530K | +3.7% |
| Trenton Township | $272.5K | $280K | +2.8% |
Housing Supply in Berkshire Township, OH
How many homes are available in Berkshire Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The Berkshire Township real estate market had 59 homes for sale in May 2024, a 22.9% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Berkshire 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 42.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkshire Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Berkshire Township in May 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Berkshire Township, OH
How long does it take to sell a home in Berkshire Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 41 Days | -35.3% |
Summary: Homes in Berkshire Township had an average of 41 days on market in May 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berkshire Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Berkshire Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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.