Is Hilliard, 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, Hilliard has remained a Seller's Market.
Key Takeaway
Hilliard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hilliard, OH
How much do homes in Hilliard, OH cost?
Median Sold Price
$365,071
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hilliard have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Hilliard was $365,071 in May 2024, up 3.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $180.5K | +20.4% |
| 2 Bedrooms | $226K | $243K | +7.5% |
| 3 Bedrooms | $330K | $341.8K | +3.6% |
| 4 Bedrooms | $450K | $450K | 0.0% |
| 5+ Bedrooms | $568.1K | $645.6K | +13.6% |
Summary: Hilliard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $345K | $490.1K | +42.1% |
| Brown Township | $580K | $627.5K | +8.2% |
| Columbus | $262.2K | $279.7K | +6.7% |
| Norwich Township | $384K | $400.4K | +4.3% |
| Hilliard | $353.2K | $365K | +3.4% |
Housing Supply in Hilliard, OH
How many homes are available in Hilliard, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 197 | +16.6% |
Summary: The Hilliard real estate market had 197 homes for sale in May 2024, a 16.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 42 | 40 | -4.8% |
| 3 Bedrooms | 68 | 89 | +30.9% |
| 4 Bedrooms | 51 | 57 | +11.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hilliard 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 4.8%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 74 | +15.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hilliard, you could pay more than the asking price. 66.2% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Hilliard in May 2024, up by 15.6% month-over-month. Of the 74 sold homes, 22% were sold under asking, 12% were sold at asking, and 66% were sold over asking.
Days on Market for Hilliard, OH
How long does it take to sell a home in Hilliard, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 16 Days | +224.8% |
Summary: Homes in Hilliard had an average of 16 days on market in May 2024, up by 224.8% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hilliard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 74 homes were sold in Hilliard; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.