Is Lockbourne, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lockbourne was a Buyer's Market.
Key Takeaway
Lockbourne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockbourne, OH
How much do homes in Lockbourne, OH cost?
Median Sold Price
$289,750
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lockbourne have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Lockbourne was $289,750 in May 2024, down 4.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $121.2K | $216K | +78.1% |
| 3 Bedrooms | $215K | $281K | +30.7% |
| 4 Bedrooms | $335K | $357.5K | +6.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lockbourne 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 78.1%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Columbus | $262.2K | $279.7K | +6.7% |
| Hamilton Township | $220K | $226.7K | +3.1% |
| Harrison Township | $306.9K | $310K | +1.0% |
| Lockbourne | $302.7K | $289.7K | -4.3% |
Housing Supply in Lockbourne, OH
How many homes are available in Lockbourne, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Lockbourne real estate market had 20 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lockbourne 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 decreased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockbourne, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lockbourne in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Lockbourne, OH
How long does it take to sell a home in Lockbourne, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 21 Days | -63.1% |
Summary: Homes in Lockbourne had an average of 21 days on market in May 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockbourne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lockbourne; 75% of homes were sold within 30 days, 25% 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.