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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmyra Township is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Palmyra Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Palmyra Township, OH

How much do homes in Palmyra Township, OH cost?

Median Sold Price

$246,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$34,000(-12.1%)

Key Takeaway

Homes in Palmyra Township have sold for 12.1% less than they did a year ago.

Summary: The median home sold price in Palmyra Township was $246,000 in December 2024, down 12.1% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $180K$150K
-16.7%
3 $250K$240K
-4.0%
4 $335K$331K
-1.2%
5+ $207K$195K
-5.8%

Summary: Palmyra Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Lake Milton
+18.0%
Paris Township
-2.5%
Palmyra Township
-12.1%
Diamond
-19.0%

Housing Supply in Palmyra Township, OH

How many homes are available in Palmyra Township, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
440.0%

Summary: The Palmyra Township real estate market had 4 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Palmyra Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Palmyra Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Palmyra Township in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Palmyra Township, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
60 Days150 Days+150.0%

Summary: Homes in Palmyra Township had an average of 150 days on market in Dec 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Most homes in Palmyra Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Palmyra Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 9 Days Ago

Newest Listings in Palmyra Township, OH

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What housing markets are near Palmyra Township, OH?