Is Coventry 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, Coventry Township has remained a Seller's Market.
Key Takeaway
Coventry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coventry Township, OH
How much do homes in Coventry Township, OH cost?
Median Sold Price
$199,900
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coventry Township have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Coventry Township was $199,900 in May 2024, up 12.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $80K | +2.6% |
| 2 Bedrooms | $157K | $155K | -1.3% |
| 3 Bedrooms | $180K | $215K | +19.4% |
| 4 Bedrooms | $227.5K | $218K | -4.2% |
| 5+ Bedrooms | $309.9K | $370K | +19.4% |
Summary: Coventry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Barberton | $135K | $153.3K | +13.6% |
| Coventry Township | $178K | $199.9K | +12.3% |
| Springfield Township | $170.1K | $184.3K | +8.3% |
| Akron | $125.8K | $132.7K | +5.5% |
| Green | $299.9K | $285K | -5.0% |
Housing Supply in Coventry Township, OH
How many homes are available in Coventry Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The Coventry Township real estate market had 42 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Coventry Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coventry Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Coventry Township in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Coventry Township, OH
How long does it take to sell a home in Coventry Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 33 Days | +137.6% |
Summary: Homes in Coventry Township had an average of 33 days on market in May 2024, up by 137.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coventry Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Coventry Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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