Is Granville, 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, Granville has remained a Seller's Market.
Housing Prices in Granville, OH
How much do homes in Granville, OH cost?
Median Sold Price
$470,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Granville was $470,000 in May 2024, up 9.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $305K | +96.8% |
2 Bedrooms | $360K | $250.5K | -30.4% |
3 Bedrooms | $375.3K | $385K | +2.6% |
4 Bedrooms | $500K | $535K | +7.0% |
5+ Bedrooms | $783.2K | $739.2K | -5.6% |
Summary: Granville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.8%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Union Township | $289K | $319K | +10.4% |
Granville | $430K | $470K | +9.3% |
Newark | $208K | $227.4K | +9.3% |
Granville Township | $442.9K | $470K | +6.1% |
Housing Supply in Granville, OH
How many homes are available in Granville, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 83 | +27.7% |
Summary: The Granville real estate market had 83 homes for sale in May 2024, a 27.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 26 | 38 | +46.2% |
5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Granville 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 50%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Granville in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Granville, OH
How long does it take to sell a home in Granville, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 59 Days | +41.5% |
Summary: Homes in Granville had an average of 59 days on market in May 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Granville; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.