Is Canal Winchester, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canal Winchester is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Canal Winchester has remained a Seller's Market.

Key Takeaway

Canal Winchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Canal Winchester, OH

How much do homes in Canal Winchester, OH cost?

Median Sold Price

$324,543

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$4,968(+1.6%)

Key Takeaway

Homes in Canal Winchester have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Canal Winchester was $324,543 in September 2024, up 1.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $172K$145K
-15.7%
2 $200K$226K
+13.0%
3 $305K$306.5K
0.5%
4 $364.9K$394.9K
+8.2%
5+ $479.9K$510K
+6.3%

Summary: Canal Winchester housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

Canal Winchester
+4.1%
Madison Township
+1.9%
Canal Winchester
+1.6%
Lithopolis
-0.4%

Housing Supply in Canal Winchester, OH

How many homes are available in Canal Winchester, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2319-17.4%

Summary: The Canal Winchester real estate market had 19 homes for sale in September 2024, a 17.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 85
-37.5%
4 88
0.0%
5+ 11
0.0%

Summary: The Canal Winchester housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canal Winchester, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Canal Winchester in September 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Canal Winchester, OH

How long does it take to sell a home in Canal Winchester, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
10 Days61 Days+511.3%

Summary: Homes in Canal Winchester had an average of 61 days on market in Sep 2024, up by 511.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Canal Winchester are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 4 homes were sold in Canal Winchester; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Canal Winchester, OH

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