Is Commercial Point, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Commercial Point was a Seller's Market.
Housing Prices in Commercial Point, OH
How much do homes in Commercial Point, OH cost?
Median Sold Price
$414,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Commercial Point was $414,950 in March 2024, up 36% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $44.5K | $40K | -10.1% |
3 Bedrooms | $276.4K | $390K | +41.1% |
4 Bedrooms | $285.4K | $436K | +52.7% |
5+ Bedrooms | $426.9K | $420K | -1.6% |
Summary: Commercial Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 41.1%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Commercial Point | $305K | $414.9K | +36.0% |
Scioto Township | $312.9K | $375K | +19.8% |
Housing Supply in Commercial Point, OH
How many homes are available in Commercial Point, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The Commercial Point real estate market had 28 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Commercial Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Commercial Point in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Commercial Point, OH
How long does it take to sell a home in Commercial Point, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
119 Days | 50 Days | -58.1% |
Summary: Homes in Commercial Point had an average of 50 days on market in Mar 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Commercial Point; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.