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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Good Hope Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Good Hope Township, OH

How much do homes in Good Hope Township, OH cost?

Median Sold Price

$425,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$97,050(+29.6%)

Key Takeaway

Homes in Good Hope Township have sold for 29.6% more than they did a year ago.

Summary: The median home sold price in Good Hope Township was $425,000 in October 2024, up 29.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $299.9K$307.5K
+2.5%
3 $278.4K$384K
+37.9%
4 $362.5K$442.5K
+22.1%
5+ $535K-
N/A

Summary: Good Hope 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 2.5%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Good Hope Township
+29.6%
Rockbridge
+17.6%
Marion Township
+13.7%

Housing Supply in Good Hope Township, OH

How many homes are available in Good Hope Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110.0%

Summary: The Good Hope Township real estate market had 1 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 00
0.0%
3 00
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Good Hope 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

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 Good Hope 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 Good Hope Township in October 2024, up by 100.0% month-over-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 Good Hope Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days164 Days+1950.0%

Summary: Homes in Good Hope Township had an average of 164 days on market in Oct 2024, up by 1950% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Good Hope Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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

Nearby Markets to Good Hope Township, OH

What housing markets are near Good Hope Township, OH?