Is Hambden 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, Hambden Township was a Seller's Market.
Key Takeaway
Hambden 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 Hambden Township, OH
How much do homes in Hambden Township, OH cost?
Median Sold Price
$319,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hambden Township have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Hambden Township was $319,000 in May 2024, down 14.4% 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 | - | - | N/A |
| 2 Bedrooms | $273.1K | $42.5K | -84.4% |
| 3 Bedrooms | $333K | $244K | -26.7% |
| 4 Bedrooms | $382.5K | $415K | +8.5% |
| 5+ Bedrooms | $792.5K | $352.5K | -55.5% |
Summary: Hambden 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 84.4%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 55.5%.
Median Sold Price Compared To Nearby Cities
| Claridon Township | $220K | $252.5K | +14.8% |
| Chardon | $320K | $315K | -1.6% |
| Hambden Township | $372.5K | $319K | -14.4% |
Housing Supply in Hambden Township, OH
How many homes are available in Hambden Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Hambden Township real estate market had 14 homes for sale in May 2024, a 12.5% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hambden 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 decreased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hambden Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hambden Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hambden Township, OH
How long does it take to sell a home in Hambden Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 37 Days | +362.5% |
Summary: Homes in Hambden Township had an average of 37 days on market in May 2024, up by 362.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hambden Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Hambden Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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