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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cambridge Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cambridge Township, OH

How much do homes in Cambridge Township, OH cost?

Median Sold Price

$158,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,350(+4.2%)

Key Takeaway

Homes in Cambridge Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Cambridge Township was $158,000 in October 2024, up 4.2% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $36K$37.5K
+4.2%
2 $109.2K$117K
+7.1%
3 $159.7K$165.9K
+3.9%
4 $175K$180K
+2.9%
5+ $196K$236K
+20.4%

Summary: Cambridge Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 20.4%.

Median Sold Price Compared To Nearby Cities

Cambridge
+5.0%
Cambridge Township
+4.2%
Jackson Township
-12.1%

Housing Supply in Cambridge Township, OH

How many homes are available in Cambridge Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1051050.0%

Summary: The Cambridge Township real estate market had 105 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1617
+6.3%
3 6162
+1.6%
4 2222
0.0%
5+ 64
-33.3%

Summary: The Cambridge 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 increased by 6.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1821+16.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cambridge Township, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Cambridge Township in October 2024, up by 16.7% month-over-month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.

Days on Market for Cambridge Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days90 Days+144.2%

Summary: Homes in Cambridge Township had an average of 90 days on market in Oct 2024, up by 144.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cambridge Township has remained consistent over time.

Summary: During October 2024, 21 homes were sold in Cambridge Township; 5% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 48% 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 20 Days Ago

Newest Listings in Cambridge Township, OH

Nearby Markets to Cambridge Township, OH

What housing markets are near Cambridge Township, OH?