Is Madison Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$205,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $205,000 in April 2024, up 5.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | - | N/A |
2 Bedrooms | $148.5K | $120K | -19.2% |
3 Bedrooms | $183K | $200K | +9.3% |
4 Bedrooms | $249.5K | $241.7K | -3.1% |
5+ Bedrooms | $322.5K | $238.2K | -26.1% |
Summary: Madison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Cities
Hopewell Township | $245K | $367.5K | +50.0% |
Roseville | $145.5K | $172.4K | +18.5% |
Newton Township | $168K | $185K | +10.1% |
Madison Township | $194K | $205K | +5.7% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 53 | -3.6% |
Summary: The Madison Township real estate market had 53 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for April 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 increased by 6.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Madison Township in April 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 59 Days | -4.6% |
Summary: Homes in Madison Township had an average of 59 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Madison Township; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.