Is Montville Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montville Township has remained a Seller's Market.
Housing Prices in Montville Township, OH
How much do homes in Montville Township, OH cost?
Median Sold Price
$436,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montville Township was $436,500 in May 2024, down 3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $264.9K | $310K | +17.0% |
3 Bedrooms | $380.5K | $377.6K | -0.8% |
4 Bedrooms | $503.5K | $490K | -2.7% |
5+ Bedrooms | $730K | $671.3K | -8.0% |
Summary: Montville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Sharon Township | $470K | $552K | +17.4% |
Medina City Township | $245.7K | $280K | +13.9% |
Medina | $325K | $350K | +7.7% |
Medina Township | $325K | $350K | +7.7% |
Montville Township | $450K | $436.5K | -3.0% |
Housing Supply in Montville Township, OH
How many homes are available in Montville Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 56 | +24.4% |
Summary: The Montville Township real estate market had 56 homes for sale in May 2024, a 24.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Montville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Montville Township in May 2024, up by 69.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Montville Township, OH
How long does it take to sell a home in Montville Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 28 Days | +296.8% |
Summary: Homes in Montville Township had an average of 28 days on market in May 2024, up by 296.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Montville Township; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.