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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mill Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mill Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Mill Township, OH

How much do homes in Mill Township, OH cost?

Median Sold Price

$130,000

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+14.5%)

Key Takeaway

Homes in Mill Township have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Mill Township was $130,000 in October 2024, up 14.5% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$72.5K
N/A
2 $80K$108.5K
+35.6%
3 $116K$142K
+22.4%
4 $139.9K$155.3K
+11.1%
5+ $103.7K$116.7K
+12.5%

Summary: Mill 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 35.6%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Cities

Mill Township
+14.5%
Dennison
+10.8%
Uhrichsville
+7.4%

Housing Supply in Mill Township, OH

How many homes are available in Mill Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3239+21.9%

Summary: The Mill Township real estate market had 39 homes for sale in October 2024, a 21.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 1616
0.0%
4 68
+33.3%
5+ 13
+200.0%

Summary: The Mill 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Mill Township in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.

Days on Market for Mill Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days49 Days-13.6%

Summary: Homes in Mill Township had an average of 49 days on market in Oct 2024, down by 13.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Mill Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

Newest Listings in Mill Township, OH

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