Is 45371, 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, 45371 has remained a Seller's Market.
Key Takeaway
45371 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45371, OH
How much do homes in 45371, OH cost?
Median Sold Price
$345,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 45371 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 45371 was $345,000 in April 2024, up 5.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $85K | +21.4% |
| 2 Bedrooms | $153.4K | $199.5K | +30.0% |
| 3 Bedrooms | $264.5K | $300K | +13.4% |
| 4 Bedrooms | $378K | $379.9K | 0.5% |
| 5+ Bedrooms | $418.2K | $477.7K | +14.2% |
Summary: 45371 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 45371, OH
How many homes are available in 45371, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 77 | 75 | -2.6% |
Summary: The 45371 real estate market had 75 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 45371 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45371, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in 45371 in April 2024, down by 26.9% month-over-month. Of the 19 sold homes, 26% were sold under asking, 42% were sold at asking, and 32% were sold over asking.
Days on Market for 45371, OH
How long does it take to sell a home in 45371, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 55 Days | -41.4% |
Summary: Homes in 45371 had an average of 55 days on market in Apr 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45371 has remained consistent over time.
Summary: During April 2024, 19 homes were sold in 45371; 32% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% 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.