Is Cardington, 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, Cardington has remained a Seller's Market.
Key Takeaway
Cardington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cardington, OH
How much do homes in Cardington, OH cost?
Median Sold Price
$255,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cardington have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Cardington was $255,000 in May 2024, up 21.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $150K | $165K | +10.0% |
| 3 Bedrooms | $187K | $257.4K | +37.7% |
| 4 Bedrooms | $281K | $420K | +49.5% |
| 5+ Bedrooms | $297.5K | - | N/A |
Summary: Cardington 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 10%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cardington | $210.5K | $255K | +21.1% |
| Cardington Township | $216K | $255K | +18.1% |
| Lincoln Township | $280K | $229K | -18.2% |
Housing Supply in Cardington, OH
How many homes are available in Cardington, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The Cardington real estate market had 24 homes for sale in May 2024, a 33.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cardington 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 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cardington, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cardington in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Cardington, OH
How long does it take to sell a home in Cardington, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 16 Days | +100.0% |
Summary: Homes in Cardington had an average of 16 days on market in May 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cardington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Cardington; 78% of homes were sold within 30 days, 22% 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.