$2,969 Closing Credit*
$250,000
1,568 SqFt
3 Beds
•2 Full Baths
Listing Office: The Danberry Co
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
$224,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.9%)
Key Takeaway
Homes in Lake Township have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Lake Township was $224,500 in October 2024, up 0.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20K | N/A |
| 2 Bedrooms | $129.9K | $184.3K | +41.9% |
| 3 Bedrooms | $201.5K | $224.2K | +11.3% |
| 4 Bedrooms | $329.9K | $275K | -16.6% |
| 5+ Bedrooms | $255K | $316.2K | +24.0% |
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 increased by 41.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Allen Township | $164K | $280K | +70.7% |
| Millbury | $198K | $277.7K | +40.3% |
| Northwood | $192.5K | $205.5K | +6.8% |
| Lake Township | $222.5K | $224.5K | +0.9% |
| Walbridge | $235K | $200K | -14.9% |
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 |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The Lake Township real estate market had 35 homes for sale in October 2024, a 12.5% decrease 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 decreased by 22.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Township, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Lake Township in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% 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 |
|---|---|---|
| 45 Days | 40 Days | -10.6% |
Summary: Homes in Lake Township had an average of 40 days on market in Oct 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Township has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Lake Township; 11% of homes were sold within 30 days, 89% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.