$4,631 Closing Credit*
$390,000
1,369 SqFt
3 Beds
•2 Full Baths
#224029010, Eric Russell, Listing Office: RE/MAX ONE
Is Somerset Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Somerset Township was a Seller's Market.
Key Takeaway
Somerset Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Somerset Township, OH
How much do homes in Somerset Township, OH cost?
Median Sold Price
$80,000
$55/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$245,000(-75.4%)
Key Takeaway
Homes in Somerset Township have sold for 75.4% less than they did a month ago.
Summary: The median home sold price in Somerset Township was $80,000 in December 2024, down 75.4% from last month, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | - | N/A |
| 3 Bedrooms | $325K | - | N/A |
| 4 Bedrooms | $420K | - | N/A |
| 5+ Bedrooms | - | $80K | N/A |
Summary: Somerset Township housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jerusalem | $118.2K | $305K | +157.9% |
| Somerset Township | $325K | $80K | -75.4% |
Housing Supply in Somerset Township, OH
How many homes are available in Somerset Township, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Somerset Township real estate market had 8 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Somerset 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 increased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerset Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Somerset Township in December 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Somerset Township, OH
How long does it take to sell a home in Somerset Township, OH?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 67 Days | 6 Days | -91.1% |
Summary: Homes in Somerset Township had an average of 6 days on market in Dec 2024, down by 91.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Somerset Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in Somerset Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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