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.
Housing Prices in Canal Winchester, OH
How much do homes in Canal Winchester, OH cost?
Median Sold Price
$324,238
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Canal Winchester was $324,238 in May 2024, up 8.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $145K | -19.4% |
2 Bedrooms | $190K | $214.9K | +13.1% |
3 Bedrooms | $289.7K | $309.5K | +6.8% |
4 Bedrooms | $359.4K | $382.9K | +6.5% |
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 19.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.5%, 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 |
---|---|---|
129 | 141 | +9.3% |
Summary: The Canal Winchester real estate market had 141 homes for sale in May 2024, a 9.3% 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 | 22 | 23 | +4.5% |
3 Bedrooms | 65 | 66 | +1.5% |
4 Bedrooms | 34 | 43 | +26.5% |
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 4.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 41 | -10.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Canal Winchester in May 2024, down by 10.9% month-over-month. Of the 41 sold homes, 27% were sold under asking, 32% were sold at asking, and 41% 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 | +5.5% |
Summary: Homes in Canal Winchester had an average of 14 days on market in May 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Canal Winchester; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.