Is Powell, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Powell has remained a Seller's Market.
Housing Prices in Powell, OH
How much do homes in Powell, OH cost?
Median Sold Price
$499,935
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Powell was $499,935 in April 2024, down 0.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157K | N/A |
2 Bedrooms | $315K | $307.2K | -2.5% |
3 Bedrooms | $460K | $440.7K | -4.2% |
4 Bedrooms | $596.1K | $572.5K | -4.0% |
5+ Bedrooms | $675K | $934.9K | +38.5% |
Summary: Powell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Cities
Liberty Township | $565.3K | $565.6K | 0.1% |
Powell | $504.5K | $499.9K | -0.9% |
Housing Supply in Powell, OH
How many homes are available in Powell, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
184 | 195 | +6.0% |
Summary: The Powell real estate market had 195 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 26 | 24 | -7.7% |
3 Bedrooms | 71 | 76 | +7.0% |
4 Bedrooms | 67 | 69 | +3.0% |
5+ Bedrooms | 19 | 26 | +36.8% |
Summary: The Powell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 36.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 51 | +6.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Powell in April 2024, up by 6.3% month-over-month. Of the 51 sold homes, 29% were sold under asking, 27% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -33.3% |
Summary: Homes in Powell had an average of 14 days on market in Apr 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Powell; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.