Is Madison 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, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$253,157
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $253,157 in May 2024, up 1.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $311.8K | +55.9% |
2 Bedrooms | $194K | $220K | +13.4% |
3 Bedrooms | $217.4K | $229.2K | +5.4% |
4 Bedrooms | $329.8K | $343.7K | +4.2% |
5+ Bedrooms | $317.5K | $267K | -15.9% |
Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
Canal Winchester | $300K | $324.2K | +8.1% |
Groveport | $290K | $296.8K | +2.4% |
Canal Winchester | $319K | $325.2K | +2.0% |
Madison Township | $249.6K | $253.1K | +1.4% |
Obetz | $314.3K | $296.8K | -5.6% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
147 | 157 | +6.8% |
Summary: The Madison Township real estate market had 157 homes for sale in May 2024, a 6.8% 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 | 18 | 19 | +5.6% |
3 Bedrooms | 81 | 84 | +3.7% |
4 Bedrooms | 40 | 47 | +17.5% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Madison 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 5.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 53 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Madison Township in May 2024, the same as the previous month. Of the 53 sold homes, 26% were sold under asking, 42% were sold at asking, and 32% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 35 Days | +77.8% |
Summary: Homes in Madison Township had an average of 35 days on market in May 2024, up by 77.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 53 homes were sold in Madison Township; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.