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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mansfield Township, OH

How much do homes in Mansfield Township, OH cost?

Median Sold Price

$192,500

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+4.1%)

Key Takeaway

Homes in Mansfield Township have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Mansfield Township was $192,500 in October 2024, up 4.1% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$73K
N/A
2 $117K$128.4K
+9.8%
3 $174.5K$186.4K
+6.9%
4 $242.5K$272K
+12.2%
5+ $275.7K$467.5K
+69.5%

Summary: Mansfield 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 9.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 69.5%.

Median Sold Price Compared To Nearby Cities

Mansfield Township
+4.1%
Mansfield
+4.1%
Springfield Township
+2.9%
Madison Township
+2.8%

Housing Supply in Mansfield Township, OH

How many homes are available in Mansfield Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6665-1.5%

Summary: The Mansfield Township real estate market had 65 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 2729
+7.4%
4 1917
-10.5%
5+ 87
-12.5%

Summary: The Mansfield 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 increased by 7.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1222+83.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield Township, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Mansfield Township in October 2024, up by 83.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.

Days on Market for Mansfield Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days64 Days+229.9%

Summary: Homes in Mansfield Township had an average of 64 days on market in Oct 2024, up by 229.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mansfield Township has remained consistent over time.

Summary: During October 2024, 22 homes were sold in Mansfield Township; 27% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in Mansfield Township, OH

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