Is 44087, 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, 44087 has remained a Seller's Market.
Key Takeaway
44087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 44087, OH
How much do homes in 44087, OH cost?
Median Sold Price
$329,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 44087 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 44087 was $329,000 in April 2024, up 9.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.2K | $90K | +5.6% |
| 2 Bedrooms | $219K | $260.5K | +18.9% |
| 3 Bedrooms | $261.5K | $277K | +5.9% |
| 4 Bedrooms | $405K | $441.7K | +9.1% |
| 5+ Bedrooms | $501K | $656.2K | +31.0% |
Summary: 44087 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 31%.
Housing Supply in 44087, OH
How many homes are available in 44087, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 44087 real estate market had 41 homes for sale in April 2024, a 7.9% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 44087 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 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 44087, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 44087 in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for 44087, OH
How long does it take to sell a home in 44087, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 33 Days | +88.1% |
Summary: Homes in 44087 had an average of 33 days on market in Apr 2024, up by 88.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 44087 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 44087; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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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.