Is Powell, 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, Powell has remained a Seller's Market.
Key Takeaway
Powell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powell, OH
How much do homes in Powell, OH cost?
Median Sold Price
$499,990
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Powell has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $157K | -42.9% |
| 2 Bedrooms | $315K | $325K | +3.2% |
| 3 Bedrooms | $430.9K | $447.2K | +3.8% |
| 4 Bedrooms | $575K | $585K | +1.7% |
| 5+ Bedrooms | $702.2K | $931.2K | +32.6% |
Summary: Powell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Liberty Township | $553.4K | $563.6K | +1.8% |
| Powell | $500K | $499.9K | 0% |
Housing Supply in Powell, OH
How many homes are available in Powell, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 153 | 189 | +23.5% |
Summary: The Powell real estate market had 189 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 59 | 71 | +20.3% |
| 4 Bedrooms | 56 | 75 | +33.9% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Powell 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 11.8%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powell, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 60 homes were sold or pending in Powell in May 2024, up by 17.6% month-over-month. Of the 60 sold homes, 28% were sold under asking, 23% were sold at asking, and 48% were sold over asking.
Days on Market for Powell, OH
How long does it take to sell a home in Powell, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +3.1% |
Summary: Homes in Powell had an average of 32 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 60 homes were sold in Powell; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% 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. 
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.