$3,266 Closing Credit*
$275,000
1,080 SqFt
2 Beds
•2 Full Baths
Makayla Stoffer, Listing Office: Keller Williams Legacy Group Realty
Is Salem Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Salem Township has remained a Seller's Market.
Key Takeaway
Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$170,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,766(+13.2%)
Key Takeaway
Homes in Salem Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Salem Township was $170,000 in October 2024, up 13.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.9K | $102.5K | +51.0% |
| 2 Bedrooms | $119K | $127.7K | +7.4% |
| 3 Bedrooms | $158K | $175K | +10.8% |
| 4 Bedrooms | $220K | $231K | +5.0% |
| 5+ Bedrooms | $232.5K | $307.2K | +32.2% |
Summary: Salem Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Cities
| Perry Township | $250K | $309K | +23.6% |
| Perry Township | $160.3K | $188.4K | +17.5% |
| Salem Township | $150.2K | $170K | +13.2% |
| Leetonia | $145K | $160K | +10.3% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 101 | -2.9% |
Summary: The Salem Township real estate market had 101 homes for sale in October 2024, a 2.9% 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 | 18 | 25 | +38.9% |
| 3 Bedrooms | 50 | 49 | -2.0% |
| 4 Bedrooms | 27 | 21 | -22.2% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Salem 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 38.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Salem Township in October 2024, down by 12.9% month-over-month. Of the 26 sold homes, 69% were sold under asking, 12% were sold at asking, and 19% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 49 Days | +15.4% |
Summary: Homes in Salem Township had an average of 49 days on market in Oct 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Salem Township has remained consistent over time.
Summary: During October 2024, 27 homes were sold in Salem Township; 26% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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