$855 Closing Credit*
$72,000
928 SqFt
2 Beds
•1 Full Bath
Listing Office: Key Realty LTD
Is Madison 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, Madison Township has remained a Seller's Market.
Key Takeaway
Madison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Median Sold Price
$205,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+5.1%)
Key Takeaway
Homes in Madison Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Madison Township was $205,000 in October 2024, up 5.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.7K | - | N/A |
| 2 Bedrooms | $148.5K | $119K | -19.9% |
| 3 Bedrooms | $188K | $200K | +6.4% |
| 4 Bedrooms | $241.7K | $242.2K | 0.2% |
| 5+ Bedrooms | $238.2K | $252K | +5.8% |
Summary: Madison 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 19.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $170K | $236.5K | +39.1% |
| Freedom Township | $210K | $265K | +26.2% |
| Gibsonburg | $183K | $200K | +9.3% |
| Woodville Township | $178K | $189.9K | +6.7% |
| Madison Township | $195K | $205K | +5.1% |
Housing Supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 81 | -5.8% |
Summary: The Madison Township real estate market had 81 homes for sale in October 2024, a 5.8% 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 53 | 53 | 0.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Madison 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Madison Township in October 2024, down by 21.4% month-over-month. Of the 22 sold homes, 59% were sold under asking, 5% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 48 Days | +35.0% |
Summary: Homes in Madison Township had an average of 48 days on market in Oct 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison Township has remained consistent over time.
Summary: During October 2024, 22 homes were sold in Madison Township; 32% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
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.