Is 45402, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 45402 has remained a Seller's Market.
Key Takeaway
45402 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45402, OH
How much do homes in 45402, OH cost?
Median Sold Price
$94,900
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 45402 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 45402 was $94,900 in March 2024, up 7.8% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.2K | $134K | -35.3% |
| 2 Bedrooms | $70K | $67.7K | -3.2% |
| 3 Bedrooms | $72.5K | $82.5K | +13.8% |
| 4 Bedrooms | $78K | $116K | +48.7% |
| 5+ Bedrooms | $175K | $122.5K | -30.0% |
Summary: 45402 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes decreased by 30%.
Housing Supply in 45402, OH
How many homes are available in 45402, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Summary: The 45402 real estate market had 53 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 45402 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 45402, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 45402 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 45402, OH
How long does it take to sell a home in 45402, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 63 Days | +14.0% |
Summary: Homes in 45402 had an average of 63 days on market in Mar 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45402 has remained consistent over time.
Summary: During March 2024, 12 homes were sold in 45402; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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.