$5,344 Closing Credit*
$450,000
2,450 SqFt
3 Beds
•3 Full Baths
Linda M Kiraly, Listing Office: Berkshire Hathaway HomeServices Stouffer 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 November 2023
At the same time last year, Salem Township was a Seller's Market.
Key Takeaway
Salem Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$167,450
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,200(+2.6%)
Key Takeaway
Homes in Salem Township have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Salem Township was $167,450 in November 2024, up 2.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.3K | $102.5K | +34.3% |
| 2 Bedrooms | $124.9K | $128.5K | +2.9% |
| 3 Bedrooms | $172.7K | $173.7K | +0.6% |
| 4 Bedrooms | $220K | $231K | +5.0% |
| 5+ Bedrooms | $230K | $307.2K | +33.6% |
Summary: Salem Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 33.6%.
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 84 | -6.7% |
Summary: The Salem Township real estate market had 84 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Salem Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 13 | -50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 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. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Salem Township in November 2024, down by 50.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 56 Days | 0.3% |
Summary: Homes in Salem Township had an average of 56 days on market in Nov 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Salem Township has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Salem Township; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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