Is Canal Winchester, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$322,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canal Winchester have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Canal Winchester was $322,000 in March 2024, up 6.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $145K | -19.4% |
| 2 Bedrooms | $190K | $212K | +11.6% |
| 3 Bedrooms | $285.9K | $309.6K | +8.3% |
| 4 Bedrooms | $360K | $378.4K | +5.1% |
| 5+ Bedrooms | $467.7K | $527.5K | +12.8% |
Summary: Canal Winchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Violet Township | $385K | $430.5K | +11.8% |
| Lithopolis | $355.5K | $394.9K | +11.1% |
| Canal Winchester | $302.6K | $322K | +6.4% |
| Madison Township | $247.5K | $249.9K | +1.0% |
| Canal Winchester | $329K | $324.9K | -1.2% |
Housing Supply in Canal Winchester, OH
How many homes are available in Canal Winchester, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 145 | +2.1% |
Summary: The Canal Winchester real estate market had 145 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 64 | 61 | -4.7% |
| 4 Bedrooms | 45 | 48 | +6.7% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Canal Winchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 35 | -20.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canal Winchester, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Canal Winchester in March 2024, down by 20.5% month-over-month. Of the 35 sold homes, 29% were sold under asking, 31% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 15 Days | -56.0% |
Summary: Homes in Canal Winchester had an average of 15 days on market in Mar 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Canal Winchester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Canal Winchester; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% 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.