$135,000
1.63 Acres
Land
Joan Elflein, Listing Office: Ohio Broker Direct
Is Munson Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Munson Township was a Seller's Market.
Key Takeaway
Munson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Munson Township, OH
How much do homes in Munson Township, OH cost?
Median Sold Price
$400,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.3%)
Key Takeaway
Homes in Munson Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Munson Township was $400,000 in October 2024, up 5.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299K | $228.5K | -23.6% |
| 3 Bedrooms | $341.5K | $362.5K | +6.2% |
| 4 Bedrooms | $390K | $412.5K | +5.8% |
| 5+ Bedrooms | $487.5K | $662.5K | +35.9% |
Summary: Munson 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 23.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Chesterland | $316K | $350K | +10.8% |
| Newbury | $268K | $287K | +7.1% |
| Munson Township | $380K | $400K | +5.3% |
| Chardon | $318K | $324.9K | +2.2% |
| Chardon Township | $320K | $325K | +1.6% |
Housing Supply in Munson Township, OH
How many homes are available in Munson Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Munson Township real estate market had 26 homes for sale in October 2024, a 3.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Munson 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Munson Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Munson Township in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 20 Days | -46.8% |
Summary: Homes in Munson Township had an average of 20 days on market in Oct 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Munson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Munson Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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