Is Driving Park, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Driving Park was a Buyer's Market.
Key Takeaway
Driving Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Driving Park, OH
How much do homes in Driving Park, OH cost?
Median Sold Price
$220,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Driving Park have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Driving Park was $220,000 in May 2024, up 22.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $145.1K | 0.1% |
| 3 Bedrooms | $182K | $230K | +26.4% |
| 4 Bedrooms | $275K | $337.5K | +22.7% |
| 5+ Bedrooms | - | $240K | N/A |
Summary: Driving Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Driving Park | $179K | $220K | +22.9% |
| South of Main | $264.9K | $301K | +13.6% |
| Berwick | $320K | $335K | +4.7% |
| Old Oaks | $302.5K | $310K | +2.5% |
Housing Supply in Driving Park, OH
How many homes are available in Driving Park, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Driving Park real estate market had 34 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Driving Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Driving Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Driving Park in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Driving Park, OH
How long does it take to sell a home in Driving Park, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +121.9% |
Summary: Homes in Driving Park had an average of 26 days on market in May 2024, up by 121.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Driving Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Driving Park; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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.