Is Gahanna, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gahanna is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Gahanna, OH cost?

Median Sold Price

$345,355

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$48,084(+16.2%)

Key Takeaway

Homes in Gahanna have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $140K-
N/A
2 $218.2K$228.5K
+4.7%
3 $267.2K$315K
+17.9%
4 $355K$400K
+12.7%
5+ $451.5K$474K
+5.0%

Median Sold Price Compared To Nearby Cities

Mifflin Township
+18.2%
Gahanna
+16.2%
Plain Township
+14.4%
Blacklick
+9.3%
Jefferson Township
+6.0%

How many homes are available in Gahanna, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
6359-6.3%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 65
-16.7%
3 2732
+18.5%
4 2620
-23.1%
5+ 42
-50.0%

Number of Homes Sold

Dec 2022Jan 2023%
2421-12.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gahanna, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
8 Days21 Days+161.6%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gahanna 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 Gahanna, OH

Homes for sale in Gahanna, OH have reached 59. Between December 2022 and January 2023, Gahanna, OH real estate market has seen decrease in the number of listings by 6.3%. In January 2023 median list price was $345,355 and the average listing age was 21 days. Listing prices have changed in this real estate market between December 2022 and January 2023: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 4.7%, 3 bedrooms properties became 17.9% more expensive, prices of 4 bedrooms properties increased by 12.7%, prices of 5 bedrooms properties went up by 5%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 16.7% less available, 3 bedrooms homes became 18.5% more available, 4 bedrooms homes became 23.1% less available, number of 5 bedrooms homes decreased by 50%. Gahanna, OH housing market in January 2023 saw over 7 listings sold above listed price, more than 2 sold at listed price and over 12 sold below.

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