$39,500
0.31 Acres
Land
Tina Hormell, Listing Office: RE/MAX Quality Realty
Is Wakeman Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wakeman Township was a Seller's Market.
Key Takeaway
Wakeman 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 Wakeman Township, OH
How much do homes in Wakeman Township, OH cost?
Median Sold Price
$240,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$46,000(-16.1%)
Key Takeaway
Homes in Wakeman Township have sold for 16.1% less than they did a year ago.
Summary: The median home sold price in Wakeman Township was $240,000 in October 2024, down 16.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $198K | -4.6% |
| 3 Bedrooms | $277.5K | $240K | -13.5% |
| 4 Bedrooms | $290K | $242K | -16.6% |
| 5+ Bedrooms | $410K | $303.7K | -25.9% |
Summary: Wakeman 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 decreased by 4.6%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Camden Township | $184.7K | $200K | +8.3% |
| Wakeman Township | $286K | $240K | -16.1% |
| Wakeman | $286K | $240K | -16.1% |
Housing Supply in Wakeman Township, OH
How many homes are available in Wakeman Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Wakeman Township real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wakeman 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 decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wakeman Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wakeman Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Wakeman Township, OH
How long does it take to sell a home in Wakeman Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 46 Days | +108.7% |
Summary: Homes in Wakeman Township had an average of 46 days on market in Oct 2024, up by 108.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wakeman Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Wakeman Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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