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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Damascus Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Damascus Township, OH

How much do homes in Damascus Township, OH cost?

Median Sold Price

$172,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,800(+41.9%)

Key Takeaway

Homes in Damascus Township have sold for 41.9% more than they did a year ago.

Summary: The median home sold price in Damascus Township was $172,000 in October 2024, up 41.9% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K-
N/A
2 $49.2K$137.5K
+179.2%
3 $150K$154K
+2.7%
4 $195K$302.4K
+55.1%
5+ $29K$393K
+1255.2%

Summary: Damascus 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 179.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes increased by 1255.2%.

Median Sold Price Compared To Nearby Cities

Mc Clure
+87.2%
Damascus Township
+41.9%
Grand Rapids
-2.3%
Grand Rapids Township
-2.3%

Housing Supply in Damascus Township, OH

How many homes are available in Damascus Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Damascus Township real estate market had 4 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 22
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Damascus 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Damascus Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Damascus Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Damascus Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days33 Days-24.1%

Summary: Homes in Damascus Township had an average of 33 days on market in Oct 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Damascus Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 Damascus Township, OH

Nearby Markets to Damascus Township, OH