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 December 2020

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

$295,250

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$42,650(+16.9%)

Key Takeaway

Homes in Gahanna have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$140K
N/A
2 $187.5K$221K
+17.9%
3 $235K$265.2K
+12.9%
4 $305K$355K
+16.4%
5+ $385K$448.7K
+16.6%

Median Sold Price Compared To Nearby Cities

Blacklick
+22.4%
Jefferson Township
+18.3%
Gahanna
+16.9%
Mifflin Township
+15.3%
Plain Township
+5.0%

How many homes are available in Gahanna, OH?

Number of Homes For Sale

Nov 2021Dec 2021%
10675-29.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 117
-36.4%
3 5232
-38.5%
4 3630
-16.7%
5+ 76
-14.3%

Number of Homes Sold

Nov 2021Dec 2021%
5046-8.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gahanna, you could pay more than the asking price. 76.1% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
6 Days8 Days+29.3%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

2 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.

About Gahanna, OH

Gahanna, OH has 75 homes for sale to choose from. In December 2021 in Gahanna, OH there were 29.2% less homes for sale than in November 2021. Listings spent 8 days on the market in December 2021, and had a median list price of $295,250 during the same period. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 17.9% more expensive, prices of 3 bedrooms properties went up by 12.9%, the cost of 4 bedrooms properties went up by 16.4%, the cost of 5 bedrooms properties went up by 16.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 36.4%, the quantity of 3 bedrooms homes went down by 38.5%, the quantity of 4 bedrooms homes went down by 16.7%, volume of 5 bedrooms homes went down by 14.3%. Gahanna, OH housing market in December 2021 saw over 35 listings sold above listed price, more than 5 sold at listed price and over 6 sold below.

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