Is 45505, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 45505 was a Neutral Market.
Key Takeaway
45505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45505, OH
How much do homes in 45505, OH cost?
Median Sold Price
$126,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 45505 have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in 45505 was $126,000 in April 2024, up 13.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $32K | N/A |
| 2 Bedrooms | $89.4K | $99.9K | +11.7% |
| 3 Bedrooms | $120K | $130.5K | +8.8% |
| 4 Bedrooms | $160K | $172.5K | +7.8% |
| 5+ Bedrooms | $167.4K | $235.7K | +40.8% |
Summary: 45505 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 11.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 40.8%.
Housing Supply in 45505, OH
How many homes are available in 45505, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Summary: The 45505 real estate market had 36 homes for sale in April 2024, a 12.2% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 45505 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 remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45505, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 45505 in April 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 45505, OH
How long does it take to sell a home in 45505, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 50 Days | -7.1% |
Summary: Homes in 45505 had an average of 50 days on market in Apr 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45505 has remained consistent over time.
Summary: During April 2024, 10 homes were sold in 45505; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% 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.