Is Canal Winchester, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$325,050
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Canal Winchester has remained the same since last year.
Summary: The median home sold price in Canal Winchester was $325,050 in April 2024, the same as last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $158.5K | -32.6% |
| 2 Bedrooms | $195K | $222.9K | +14.3% |
| 3 Bedrooms | $300K | $309.5K | +3.2% |
| 4 Bedrooms | $390K | $384.9K | -1.3% |
| 5+ Bedrooms | $480.4K | $525K | +9.3% |
Summary: Canal Winchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Violet Township | $385K | $430.5K | +11.8% |
| Canal Winchester | $301.9K | $324.9K | +7.6% |
| Madison Township | $245K | $250.3K | +2.2% |
| Canal Winchester | $325K | $325K | 0.0% |
Housing Supply in Canal Winchester, OH
How many homes are available in Canal Winchester, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 152 | 170 | +11.8% |
Summary: The Canal Winchester real estate market had 170 homes for sale in April 2024, a 11.8% 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 | 28 | 26 | -7.1% |
| 3 Bedrooms | 64 | 85 | +32.8% |
| 4 Bedrooms | 50 | 48 | -4.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Canal Winchester 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 decreased by 7.1%, 3 bedroom homes increased by 32.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canal Winchester, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Canal Winchester in April 2024, up by 21.6% month-over-month. Of the 45 sold homes, 24% were sold under asking, 27% were sold at asking, and 49% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +36.9% |
Summary: Homes in Canal Winchester had an average of 22 days on market in Apr 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canal Winchester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 45 homes were sold in Canal Winchester; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% 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.