Is Twinsburg Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Twinsburg Township has remained a Seller's Market.
Key Takeaway
Twinsburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twinsburg Township, OH
How much do homes in Twinsburg Township, OH cost?
Median Sold Price
$329,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Twinsburg Township have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Twinsburg Township was $329,000 in May 2024, up 1.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.5K | $107.5K | +25.7% |
| 2 Bedrooms | $224.4K | $240K | +7.0% |
| 3 Bedrooms | $266.5K | $280K | +5.1% |
| 4 Bedrooms | $437K | $442.5K | +1.3% |
| 5+ Bedrooms | $522.5K | $646.2K | +23.7% |
Summary: Twinsburg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 23.7%.
Housing Supply in Twinsburg Township, OH
How many homes are available in Twinsburg Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Summary: The Twinsburg Township real estate market had 58 homes for sale in May 2024, a 13.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Twinsburg Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twinsburg Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Twinsburg Township in May 2024, up by 66.7% month-over-month. Of the 24 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Twinsburg Township, OH
How long does it take to sell a home in Twinsburg Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -10.3% |
Summary: Homes in Twinsburg Township had an average of 23 days on market in May 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Twinsburg Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Twinsburg Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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