$5,344 Closing Credit*
$450,000
5,518 SqFt
3 Beds
•3 Full Baths, 1 Partial
Barbara Levine, Listing Office: HomeSmart Real Estate Momentum LLC
Is Auburn Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Auburn Township has remained a Seller's Market.
Key Takeaway
Auburn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn Township, OH
How much do homes in Auburn Township, OH cost?
Median Sold Price
$505,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,500(+17.0%)
Key Takeaway
Homes in Auburn Township have sold for 17% more than they did a year ago.
Summary: The median home sold price in Auburn Township was $505,000 in October 2024, up 17% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359.9K | $364K | +1.1% |
| 3 Bedrooms | $384.9K | $447K | +16.1% |
| 4 Bedrooms | $550K | $597.5K | +8.6% |
| 5+ Bedrooms | $652.5K | $825K | +26.4% |
Summary: Auburn Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Auburn Township | $431.5K | $505K | +17.0% |
| Chagrin Falls | $482.9K | $542K | +12.2% |
| Newbury Township | $268K | $300K | +11.9% |
| Troy Township | $256.7K | $278K | +8.3% |
| Newbury | $268K | $287K | +7.1% |
Housing Supply in Auburn Township, OH
How many homes are available in Auburn Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Summary: The Auburn Township real estate market had 24 homes for sale in October 2024, a 22.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 14 | 8 | -42.9% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Auburn Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Auburn Township in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Auburn Township, OH
How long does it take to sell a home in Auburn Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 17 Days | -58.4% |
Summary: Homes in Auburn Township had an average of 17 days on market in Oct 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Auburn Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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