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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Lyme Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, New Lyme Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in New Lyme Township, OH

How much do homes in New Lyme Township, OH cost?

Median Sold Price

$130,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$62,750(-32.6%)

Key Takeaway

Homes in New Lyme Township have sold for 32.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $307K$130K
-57.7%
3 $78.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: New Lyme Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dorset Township
-22.4%
New Lyme Township
-32.6%
Lenox Township
-57.1%

Housing Supply in New Lyme Township, OH

How many homes are available in New Lyme Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43-25.0%

Summary: The New Lyme Township real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The New Lyme 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Lyme Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in New Lyme Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for New Lyme Township, OH

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days5 Days-56.5%

Summary: Homes in New Lyme Township had an average of 5 days on market in Oct 2024, down by 56.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Lyme Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in New Lyme Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in New Lyme Township, OH

Nearby Markets to New Lyme Township, OH

What housing markets are near New Lyme Township, OH?