Is 45506, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 45506 has remained a Seller's Market.
Key Takeaway
45506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45506, OH
How much do homes in 45506, OH cost?
Median Sold Price
$89,000
$35/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 45506 have sold for 24.3% less than they did a month ago.
Summary: The median home sold price in 45506 was $89,000 in April 2024, down 24.3% from last month, and the median price per square foot was $35.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $52K | $116K | +123.1% |
| 3 Bedrooms | $95.7K | $53.7K | -43.9% |
| 4 Bedrooms | $422K | - | N/A |
| 5+ Bedrooms | $209.9K | $115.5K | -45.0% |
Summary: 45506 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.1%, 3 bedroom homes decreased by 43.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 45%.
Housing Supply in 45506, OH
How many homes are available in 45506, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Summary: The 45506 real estate market had 31 homes for sale in April 2024, a 16.2% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 45506 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45506, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 45506 in April 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 45506, OH
How long does it take to sell a home in 45506, OH?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 91 Days | +107.1% |
Summary: Homes in 45506 had an average of 91 days on market in Apr 2024, up by 107.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45506 has remained consistent over time.
Summary: During April 2024, 6 homes were sold in 45506; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.