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 December 2021

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.

How much do homes in Canal Winchester, OH cost?

Median Sold Price

$355,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$37,651(+11.9%)

Key Takeaway

Homes in Canal Winchester have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $230K$265K
+15.2%
3 $297.3K$325.5K
+9.5%
4 $350K$402.3K
+15.0%
5+ $430.5K$397.5K
-7.7%

Median Sold Price Compared To Nearby Cities

Madison Township
+20.7%
Canal Winchester
+16.1%
Canal Winchester
+11.9%
Violet Township
+10.2%
Lithopolis
+7.4%

How many homes are available in Canal Winchester, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
4233-21.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 11
0.0%
3 1914
-26.3%
4 2117
-19.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1511-26.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canal Winchester, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Average Sale Time

Dec 2021Dec 2022%
11 Days23 Days+102.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canal Winchester are selling fast, if you're buying plan to act quickly.

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

About Canal Winchester, OH

Homes for sale in Canal Winchester, OH have reached 33. The inventory of homes for sale in Canal Winchester, OH between November 2022 and December 2022 decreased by 21.4%. In December 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $355,000. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 15.2%, prices of 3 bedrooms properties increased by 9.5%, prices of 4 bedrooms properties went up by 15%, prices of 5 bedrooms properties went down by 7.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory decreased by 26.3%, number of 4 bedrooms homes decreased by 19%, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in Canal Winchester, OH in December 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 4 were sold below.

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