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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing German Township is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, German Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in German Township, OH

How much do homes in German Township, OH cost?

Median Sold Price

$195,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$2,500(+1.3%)

Key Takeaway

Homes in German Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in German Township was $195,000 in December 2024, up 1.3% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $186K$167K
-10.2%
3 $188.5K$185K
-1.9%
4 $249.9K$265K
+6.0%
5+ $365K$195K
-46.6%

Summary: German Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 46.6%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+6.4%
German Township
+1.3%
Archbold
0.0%

Housing Supply in German Township, OH

How many homes are available in German Township, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1312-7.7%

Summary: The German Township real estate market had 12 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 45
+25.0%
5+ 21
-50.0%

Summary: The German Township housing inventory by bedroom type for December 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 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in German Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in German Township in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for German Township, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days87 Days+174.0%

Summary: Homes in German Township had an average of 87 days on market in Dec 2024, up by 174% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in German Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in German Township, OH

Nearby Markets to German Township, OH

What housing markets are near German Township, OH?