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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Munson Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Munson Township, OH

How much do homes in Munson Township, OH cost?

Median Sold Price

$400,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+8.1%)

Key Takeaway

Homes in Munson Township have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Munson Township was $400,000 in November 2024, up 8.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $299K$228.5K
-23.6%
3 $341.5K$357.5K
+4.7%
4 $380K$452.5K
+19.1%
5+ $487.5K$535K
+9.7%

Summary: Munson Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Newbury
+11.9%
Munson Township
+8.1%
Chardon Township
+5.0%
Chardon
+4.0%
Chesterland
+1.5%

Housing Supply in Munson Township, OH

How many homes are available in Munson Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2523-8.0%

Summary: The Munson Township real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 98
-11.1%
4 1211
-8.3%
5+ 22
0.0%

Summary: The Munson Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Munson Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Munson Township in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Munson Township, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days58 Days+1.3%

Summary: Homes in Munson Township had an average of 58 days on market in Nov 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Munson Township; 0% of homes were sold within 30 days, 83% 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 17 Days Ago

Newest Listings in Munson Township, OH

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What housing markets are near Munson Township, OH?