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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Copley Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Copley Township was a Seller's Market.

Key Takeaway

Copley Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Copley Township, OH

How much do homes in Copley Township, OH cost?

Median Sold Price

$313,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,000(-0.6%)

Key Takeaway

Homes in Copley Township have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Copley Township was $313,000 in November 2024, down 0.6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $172.7K$142K
-17.8%
3 $248K$285K
+14.9%
4 $407.5K$480K
+17.8%
5+ $581K$578K
-0.5%

Summary: Copley 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 decreased by 17.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Bath Township
+15.6%
Akron
+14.8%
Fairlawn
+12.7%
Copley Township
-0.6%
Norton
-1.1%

Housing Supply in Copley Township, OH

How many homes are available in Copley Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5953-10.2%

Summary: The Copley Township real estate market had 53 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 2820
-28.6%
4 2021
+5.0%
5+ 25
+150.0%

Summary: The Copley 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 decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
208-60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Copley Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Copley Township in November 2024, down by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Copley Township, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days33 Days-17.1%

Summary: Homes in Copley Township had an average of 33 days on market in Nov 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Copley Township; 50% of homes were sold within 30 days, 38% 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 17 Days Ago

Newest Listings in Copley Township, OH

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What housing markets are near Copley Township, OH?