Is 45601, 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, 45601 was a Seller's Market.
Key Takeaway
45601 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 45601, OH
How much do homes in 45601, OH cost?
Median Sold Price
$210,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 45601 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 45601 was $210,000 in April 2024, down 4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96.7K | N/A |
| 2 Bedrooms | $140K | $170K | +21.4% |
| 3 Bedrooms | $200K | $199.9K | -0.1% |
| 4 Bedrooms | $286.5K | $266.5K | -7.0% |
| 5+ Bedrooms | $430K | $230K | -46.5% |
Summary: 45601 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 21.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 46.5%.
Housing Supply in 45601, OH
How many homes are available in 45601, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 77 | +2.7% |
Summary: The 45601 real estate market had 77 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 45601 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 11.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45601, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 45601 in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for 45601, OH
How long does it take to sell a home in 45601, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +89.2% |
Summary: Homes in 45601 had an average of 34 days on market in Apr 2024, up by 89.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 45601 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 45601; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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.