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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wooster Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Wooster Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wooster Township, OH

How much do homes in Wooster Township, OH cost?

Median Sold Price

$231,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,300(+3.3%)

Key Takeaway

Homes in Wooster Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Wooster Township was $231,000 in October 2024, up 3.3% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137.5K-
N/A
2 $179.5K$201K
+12.0%
3 $216K$235K
+8.8%
4 $300K$265K
-11.7%
5+ $325K$294K
-9.5%

Summary: Wooster 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 increased by 12%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 9.5%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+4.6%
Wooster Township
+3.3%
Wooster
+3.1%
Wayne Township
-1.1%

Housing Supply in Wooster Township, OH

How many homes are available in Wooster Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
141142+0.7%

Summary: The Wooster Township real estate market had 142 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2728
+3.7%
3 7779
+2.6%
4 2326
+13.0%
5+ 138
-38.5%

Summary: The Wooster 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 increased by 3.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 38.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3751+37.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wooster Township, you may be able to get a good deal. 42% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Wooster Township in October 2024, up by 37.8% month-over-month. Of the 50 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.

Days on Market for Wooster Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days40 Days+22.4%

Summary: Homes in Wooster Township had an average of 40 days on market in Oct 2024, up by 22.4% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 51 homes were sold in Wooster Township; 49% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 6% 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 Wooster Township, OH

Nearby Markets to Wooster Township, OH

What housing markets are near Wooster Township, OH?