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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Westfield Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Westfield Township, OH

How much do homes in Westfield Township, OH cost?

Median Sold Price

$320,000

$155/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$48,250(-13.1%)

Key Takeaway

Homes in Westfield Township have sold for 13.1% less than they did a month ago.

Summary: The median home sold price in Westfield Township was $320,000 in October 2024, down 13.1% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $305K$250K
-18.0%
4 $431.5K$366K
-15.2%
5+ --
N/A

Summary: Westfield Township housing prices by bedroom type for October 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 decreased by 18%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.

Housing Supply in Westfield Township, OH

How many homes are available in Westfield Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The Westfield Township real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 55
0.0%
5+ 00
0.0%

Summary: The Westfield 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westfield Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Westfield Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Westfield Township, OH

How long does it take to sell a home in Westfield Township, OH?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days39 Days+509.2%

Summary: Homes in Westfield Township had an average of 39 days on market in Oct 2024, up by 509.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westfield Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Westfield Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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 Westfield Township, OH

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