Is Amherst Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amherst Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Amherst Township has remained a Seller's Market.

Key Takeaway

Amherst Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Amherst Township, OH

How much do homes in Amherst Township, OH cost?

Median Sold Price

$259,950

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,950(+1.5%)

Key Takeaway

Homes in Amherst Township have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Amherst Township was $259,950 in November 2024, up 1.5% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $162.5K$185K
+13.8%
3 $245K$243.2K
-0.7%
4 $285.5K$316K
+10.7%
5+ $329.9K$522.5K
+58.4%

Summary: Amherst Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 58.4%.

Median Sold Price Compared To Nearby Cities

Elyria Township
+12.1%
Lorain
+7.2%
Amherst
+2.1%
Amherst Township
+1.5%

Housing Supply in Amherst Township, OH

How many homes are available in Amherst Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6478+21.9%

Summary: The Amherst Township real estate market had 78 homes for sale in November 2024, a 21.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 3941
+5.1%
4 1420
+42.9%
5+ 25
+150.0%

Summary: The Amherst Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amherst Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Amherst Township in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Amherst Township, OH

How long does it take to sell a home in Amherst Township, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days31 Days-28.4%

Summary: Homes in Amherst Township had an average of 31 days on market in Nov 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Amherst Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in Amherst Township; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Amherst Township, OH

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