Is Jerome 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, Jerome Township has remained a Seller's Market.
Housing Prices in Jerome Township, OH
How much do homes in Jerome Township, OH cost?
Median Sold Price
$696,055
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jerome Township was $696,055 in May 2024, up 9.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $472.5K | $497.5K | +5.3% |
3 Bedrooms | $527.4K | $564.9K | +7.1% |
4 Bedrooms | $652K | $675K | +3.5% |
5+ Bedrooms | $747.7K | $950K | +27.1% |
Summary: Jerome 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 5.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
Plain City | $530.1K | $599.3K | +13.1% |
Jerome Township | $634.1K | $696K | +9.8% |
Washington Township | $610K | $642.5K | +5.3% |
Dublin | $474K | $444.1K | -6.3% |
Housing Supply in Jerome Township, OH
How many homes are available in Jerome Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 111 | +11.0% |
Summary: The Jerome Township real estate market had 111 homes for sale in May 2024, a 11.0% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Jerome 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 40%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Jerome Township in May 2024, up by 31.8% month-over-month. Of the 29 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Jerome Township, OH
How long does it take to sell a home in Jerome Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 47 Days | +79.5% |
Summary: Homes in Jerome Township had an average of 47 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Jerome Township; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.