$2,730 Closing Credit*
$229,900
5 Beds
•2 Full Baths
Zachary A Johnson, Listing Office: Smart Choice Realty, LLC
Is New London 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, New London Township was a Buyer's Market.
Key Takeaway
New London Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New London Township, OH
How much do homes in New London Township, OH cost?
Median Sold Price
$170,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,250(-2.4%)
Key Takeaway
Homes in New London Township have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in New London Township was $170,000 in October 2024, down 2.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | - | N/A |
| 2 Bedrooms | $48K | $140K | +191.7% |
| 3 Bedrooms | $171K | $182K | +6.4% |
| 4 Bedrooms | $230K | $175.8K | -23.6% |
| 5+ Bedrooms | $182.5K | $181K | -0.8% |
Summary: New London 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 191.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 23.6%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| New London Township | $174.2K | $170K | -2.4% |
| New London | $174.2K | $170K | -2.4% |
Housing Supply in New London Township, OH
How many homes are available in New London Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The New London Township real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The New London 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New London Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in New London Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for New London Township, OH
How long does it take to sell a home in New London Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 153 Days | 35 Days | -76.8% |
Summary: Homes in New London Township had an average of 35 days on market in Oct 2024, down by 76.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New London Township has remained consistent over time.
Summary: During October 2024, 6 homes were sold in New London Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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