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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elk Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elk Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Elk Township, OH

How much do homes in Elk Township, OH cost?

Median Sold Price

$226,000

$135/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$69,000(+43.9%)

Key Takeaway

Homes in Elk Township have sold for 43.9% more than they did a month ago.

Summary: The median home sold price in Elk Township was $226,000 in October 2024, up 43.9% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $157K$226K
+43.9%
4 --
N/A
5+ --
N/A

Summary: Elk Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 43.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elk Township
+43.9%
Mc Arthur
+43.9%

Housing Supply in Elk Township, OH

How many homes are available in Elk Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

Summary: The Elk Township real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Elk 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elk Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Elk Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Elk Township, OH

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

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days60 Days+275.0%

Summary: Homes in Elk Township had an average of 60 days on market in Oct 2024, up by 275% compared to last month.

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 Elk Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Elk 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 23 Days Ago

Newest Listings in Elk Township, OH

Nearby Markets to Elk Township, OH