$2,672 Closing Credit*
$225,000
1,609 SqFt
3 Beds
•1 Full Bath, 1 Partial
Patty Coler, Listing Office: Cutler Real Estate
Is Lake Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Township has remained a Seller's Market.
Key Takeaway
Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Township, OH
How much do homes in Lake Township, OH cost?
Median Sold Price
$298,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+2.8%)
Key Takeaway
Homes in Lake Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Lake Township was $298,000 in October 2024, up 2.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $208.7K | $191.3K | -8.4% |
| 3 Bedrooms | $266.5K | $263K | -1.3% |
| 4 Bedrooms | $336K | $330K | -1.8% |
| 5+ Bedrooms | $420K | $437.4K | +4.2% |
Summary: Lake 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 decreased by 8.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Lake Township, OH
How many homes are available in Lake Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 102 | +15.9% |
Summary: The Lake Township real estate market had 102 homes for sale in October 2024, a 15.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 29 | 42 | +44.8% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Lake 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 increased by 25%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Township, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lake Township in October 2024, up by 9.1% month-over-month. Of the 23 sold homes, 57% were sold under asking, 4% were sold at asking, and 39% were sold over asking.
Days on Market for Lake Township, OH
How long does it take to sell a home in Lake Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 27 Days | -2.0% |
Summary: Homes in Lake Township had an average of 27 days on market in Oct 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Lake Township; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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