Is 43040, 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, 43040 has remained a Seller's Market.
Key Takeaway
43040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 43040, OH
How much do homes in 43040, OH cost?
Median Sold Price
$344,992
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 43040 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 43040 was $344,992 in April 2024, up 5.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $442.3K | - | N/A |
| 2 Bedrooms | $172.9K | $215K | +24.3% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $386.1K | $420K | +8.8% |
| 5+ Bedrooms | $462.5K | $434.9K | -6.0% |
Summary: 43040 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 increased by 24.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 43045 | $246.5K | $280K | +13.6% |
| 43040 | $327.7K | $344.9K | +5.3% |
Housing Supply in 43040, OH
How many homes are available in 43040, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 141 | +24.8% |
Summary: The 43040 real estate market had 141 homes for sale in April 2024, a 24.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 21 | 28 | +33.3% |
| 3 Bedrooms | 49 | 59 | +20.4% |
| 4 Bedrooms | 37 | 44 | +18.9% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 43040 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 38 | +81.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 43040, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 43040 in April 2024, up by 81.0% month-over-month. Of the 38 sold homes, 24% were sold under asking, 21% were sold at asking, and 55% were sold over asking.
Days on Market for 43040, OH
How long does it take to sell a home in 43040, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 24 Days | -6.2% |
Summary: Homes in 43040 had an average of 24 days on market in Apr 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 43040 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in 43040; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively 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. Copyright © 2024 DABR MLS. All Rights Reserved