New - 13 hours on Rocket
$3,266 Closing Credit¹
#225001506, Charles Scheiderer, Listing Office: Roby Realty
Madison Township Housing Market Report December 2024•Franklin County, Ohio
Housing Prices in Madison Township, OH
How much do homes in Madison Township, OH cost?
Housing Market Conditions
Is Madison Township, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Madison Township is a Seller's Market
Difference Since December 2023
Since last year, Madison Township has remained a Seller's Market.
Insight
Madison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$255,188$166/SqFt
+$6,888
+2.8%
Based on all homes sold in the last 12 months
Insight
Homes in Madison Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Madison Township was $255,188 in December 2024, up 2.8% from last year, and the median price per square foot was $166.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Madison Township | $248.3K | $255.1K | +2.8% |
| Canal Winchester | $317.9K | $320K | +0.6% |
| Canal Winchester | $319.9K | $320K | 0.0% |
| Groveport | $296.9K | $295K | -0.6% |
| Obetz | $285K | $280K | -1.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $98.7K | $292.8K | +196.5% |
| 22 Bedrooms | $210K | $222.5K | +6.0% |
| 33 Bedrooms | $220K | $240K | +9.1% |
| 44 Bedrooms | $327.3K | $344K | +5.1% |
| 55+ Bedrooms | $320K | $375K | +17.2% |
Summary: Madison Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +196.5%. The home price for 2 bedroom homes increased by +6.0%. The home price for 3 bedroom homes increased by +9.1%. The home price for 4 bedroom homes increased by +5.1%. The home price for 5 bedroom homes increased by +17.2%.
Housing supply in Madison Township, OH
How many homes are available in Madison Township, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 170Last MonthDec 2024 | ||
| 1832 months agoNov 2024 | -7.1 % Change MoMNov – Dec |
Summary: The Madison Township real estate market had 170 homes for sale in Dec 2024, a 7.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 47Last MonthDec 2024 | ||
| 492 months agoNov 2024 | -4.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 22 | 16 | -27.3% |
| 33 Bedrooms | 102 | 99 | -2.9% |
| 44 Bedrooms | 46 | 43 | -6.5% |
| 55+ Bedrooms | 12 | 11 | -8.3% |
Summary: Madison Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -27.3%. The inventory for 3 bedroom homes decreased by -2.9%. The inventory for 4 bedroom homes decreased by -6.5%. The inventory for 5 bedroom homes decreased by -8.3%.
Asking Price vs. Sold Price
How much do homes in Madison Township, OH cost?
Over Asking Price17 Homes
At Asking Price6 Homes
Under Asking Price24 Homes
Insight
If you're buying a home in Madison Township, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Madison Township in December 2024, down by 4.1% month-over-month. Of the 47 sold homes, 51% were sold under asking, 13% were sold at asking, and and 36% were sold over asking.
Days on Market for Madison Township, OH
How long does it take to sell a home in Madison Township, OH?
Breakdown of Home Sale Times
Under 30 Days24 Homes
30 – 90 Days14 Homes
Over 90 Days9 Homes
Insight
Many homes in Madison Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 47 homes were sold in Madison Township; 51% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 42 DaysThis YearDec 2024 | ||
| 22 Days1 year agoDec 2023 | +92.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Madison Township had an average listing age of 42 days in Dec 2024, up by 92.5% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Madison Township, OH
What homes are available in Madison Township, OH?
New - 23 hours on Rocket
$3,907 Closing Credit¹
Dawn McNutt, Listing Office: Keller Williams Greater Cleveland Northeast
New - 1 day on Rocket
$3,741 Closing Credit¹
Gypsy Smolsky, Listing Office: Real of Ohio
New - 1 day on Rocket
$3,147 Closing Credit¹
#225001439, Mandy Mancini, Listing Office: Keller Williams Consultants
New - 2 days on Rocket
$3,264 Closing Credit¹
#225001344, Elton E Davis, Sonja D Davis, Listing Office: RE/MAX ONE
New - 2 days on RocketBackup offers
$2,138 Closing Credit¹
#225001319, Stephanie Knights, Listing Office: Coldwell Banker Realty
New - 7 days on Rocket
$3,015 Closing Credit¹
#225000907, Ronnie D Woodrow, Johnnie Woodrow, Listing Office: Realistar
New - 7 days on Rocket
$1,959 Closing Credit¹
#225000885, Jeffrey I Kanowsky, Listing Office: Keller Williams Greater Cols
Backup offers
$2,613 Closing Credit¹
Joseph Lucas, Listing Office: CENTURY 21 Asa Cox Homes
Backup offers
$4,002 Closing Credit¹
#225000568, Mindy A Young, Listing Office: CRT, Realtors
$2,314 Closing Credit¹
Jonathan Minerick, Listing Office: Homecoin.com
$3,681 Closing Credit¹
#225000236, Shannon Cromer, Listing Office: Red 1 Realty
Popular Cities with Homes for Sale in Ohio
- Homes for sale in Akron, OH
- Homes for sale in Beavercreek, OH
- Homes for sale in Brunswick, OH
- Homes for sale in Canton, OH
- Homes for sale in Cincinnati, OH
- Homes for sale in Cleveland, OH
- Homes for sale in Columbus, OH
- Homes for sale in Dayton, OH
- Homes for sale in Dublin, OH
- Homes for sale in Findlay, OH
- Homes for sale in Hudson, OH
- Homes for sale in Lancaster, OH
- Homes for sale in Mason, OH
- Homes for sale in Medina, OH
- Homes for sale in Mentor, OH
- Homes for sale in Newark, OH
- Homes for sale in Parma, OH
- Homes for sale in Strongsville, OH
- Homes for sale in Toledo, OH
- Homes for sale in West Chester, OH
- Homes for sale in Westerville, OH
MLS Disclaimers and Copyright
Based on information from Columbus and Central Ohio Regional MLS, and MLS Now for the period 01/01/2023 - 01/01/2025
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: 1/17/2025, 10:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.