Is 45503, 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, 45503 has remained a Seller's Market.
Key Takeaway
45503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45503, OH
How much do homes in 45503, OH cost?
Median Sold Price
$183,950
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 45503 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 45503 was $183,950 in March 2024, up 8.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75.2K | $80K | +6.3% |
| 2 Bedrooms | $128.5K | $147K | +14.4% |
| 3 Bedrooms | $170K | $187.5K | +10.3% |
| 4 Bedrooms | $240K | $262.5K | +9.4% |
| 5+ Bedrooms | $317.5K | $137K | -56.9% |
Summary: 45503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 56.9%.
Housing Supply in 45503, OH
How many homes are available in 45503, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The 45503 real estate market had 74 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 45503 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45503, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 45503 in March 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% were sold over asking.
Days on Market for 45503, OH
How long does it take to sell a home in 45503, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 34 Days | -50.6% |
Summary: Homes in 45503 had an average of 34 days on market in Mar 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45503 has remained consistent over time.
Summary: During March 2024, 23 homes were sold in 45503; 30% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 0% 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.