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 Last Month

Since last month, 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

$195,000

$129/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$34,950(-15.2%)

Key Takeaway

Homes in Somers Township have sold for 15.2% less than they did a month ago.

Summary: The median home sold price in Somers Township was $195,000 in November 2024, down 15.2% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$210K
N/A
2 --
N/A
3 $47K$155K
+229.8%
4 $412.9K$195K
-52.8%
5+ --
N/A

Summary: Somers Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 229.8%, 4 bedroom homes decreased by 52.8%, and 5+ bedroom homes did not change.

Housing Supply in Somers Township, OH

How many homes are available in Somers Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Somers Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 22
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Somers 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Somers Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

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What housing markets are near Somers Township, OH?