Gilead Township Housing Market Report January 2025•Morrow County, Ohio

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Housing Prices in Gilead Township, OH

How much do homes in Gilead Township, OH cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Gilead Township is a Buyer's Market

Difference Since January 2024

At the same time last year, Gilead Township was a Seller's Market.

Insight

Gilead Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$240,000$142/SqFt
+$20,000
+9.1%

Based on all homes sold in the last 12 months

Insight

Homes in Gilead Township have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Gilead Township was $240,000 in January 2025, up 9.1% from last year, and the median price per square foot was $142.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Gilead Township
+9.1%
Franklin Township
+2.3%
Mount Gilead
-7.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$237.2K$181.9K
-23.3%
3$205K$245K
+19.5%
4$280K$240K
-14.3%
5$390K$540K
+38.5%

Summary: Gilead Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -23.3%. The home price for 3 bedroom homes increased by +19.5%. The home price for 4 bedroom homes decreased by -14.3%. The home price for 5 bedroom homes increased by +38.5%.

Housing supply in Gilead Township, OH

How many homes are available in Gilead Township, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthJan 2025
252 months agoDec 2024
-4.0 %
Change MoMDec – Jan

Summary: The Gilead Township real estate market had 24 homes for sale in Jan 2025, a 4.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJan 2025
72 months agoDec 2024
-71.4 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
254
-20.0%
31315
+15.4%
455
0.0%
520
-100.0%

Summary: Gilead Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes increased by +15.4%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.

Asking Price vs. Sold Price

How much do homes in Gilead Township, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Gilead Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Gilead Township in January 2025, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for Gilead Township, OH

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Gilead Township has remained consistent over time.

Summary: During January 2025, 2 homes were sold in Gilead Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
86 DaysThis YearJan 2025
34 Days1 year agoJan 2024
+147.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Gilead Township had an average listing age of 86 days in Jan 2025, up by 147.1% compared to the previous year.

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Newest Listings in Gilead Township, OH

What homes are available in Gilead Township, OH?

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, and Mansfield Assocation of REALTORS® MLS for the period 02/01/2023 - 02/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/1/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither Listing Broker(s) this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright Mansfield Association of REALTORS® Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/1/2025, 9:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.