Is Canal Winchester, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Canal Winchester has remained a Seller's Market.
Key Takeaway
Canal Winchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canal Winchester, OH
How much do homes in Canal Winchester, OH cost?
Median Sold Price
$325,267
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canal Winchester have sold for 2% more than they did a year ago.
Summary: The median home sold price in Canal Winchester was $325,267 in May 2024, up 2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $158.5K | -16.6% |
| 2 Bedrooms | $194K | $221.2K | +14.0% |
| 3 Bedrooms | $300K | $309.2K | +3.1% |
| 4 Bedrooms | $364.9K | $382.9K | +4.9% |
| 5+ Bedrooms | $450K | $525K | +16.7% |
Summary: Canal Winchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Violet Township | $389.8K | $432.9K | +11.1% |
| Lithopolis | $355K | $387K | +9.0% |
| Canal Winchester | $300K | $324.2K | +8.1% |
| Canal Winchester | $319K | $325.2K | +2.0% |
| Madison Township | $249.6K | $253.1K | +1.4% |
Housing Supply in Canal Winchester, OH
How many homes are available in Canal Winchester, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 143 | +9.2% |
Summary: The Canal Winchester real estate market had 143 homes for sale in May 2024, a 9.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 65 | 66 | +1.5% |
| 4 Bedrooms | 35 | 44 | +25.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Canal Winchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canal Winchester, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Canal Winchester in May 2024, down by 10.6% month-over-month. Of the 42 sold homes, 29% were sold under asking, 31% were sold at asking, and 40% were sold over asking.
Days on Market for Canal Winchester, OH
How long does it take to sell a home in Canal Winchester, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +3.7% |
Summary: Homes in Canal Winchester had an average of 14 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canal Winchester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Canal Winchester; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.