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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Somers Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Somers Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Somers Township, OH

How much do homes in Somers Township, OH cost?

Median Sold Price

$180,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,500(-2.4%)

Key Takeaway

Homes in Somers Township have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Somers Township was $180,000 in October 2024, down 2.4% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$50K
N/A
2 $125K$182.5K
+46.0%
3 $170K$185K
+8.8%
4 $215K$213.5K
-0.7%
5+ $399.9K$175K
-56.2%

Summary: Somers 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 46%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 56.2%.

Median Sold Price Compared To Nearby Cities

Gasper Township
+24.5%
Gratis Township
+7.2%
Camden
+7.0%
Somers Township
-2.4%

Housing Supply in Somers Township, OH

How many homes are available in Somers Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Somers Township real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 33
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Somers 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Somers Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Somers Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Somers Township, OH

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Somers Township, OH

Nearby Markets to Somers Township, OH

What housing markets are near Somers Township, OH?