Is Gahanna, 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, Gahanna has remained a Seller's Market.
Housing Prices in Gahanna, OH
How much do homes in Gahanna, OH cost?
Median Sold Price
$350,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gahanna was $350,000 in March 2024, up 2.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.9K | $250K | +8.7% |
3 Bedrooms | $310K | $312K | +0.6% |
4 Bedrooms | $398.9K | $400K | 0.3% |
5+ Bedrooms | $522K | $537.5K | +3.0% |
Summary: Gahanna 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 increased by 8.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Plain Township | $705K | $807K | +14.5% |
Jefferson Township | $355K | $390K | +9.9% |
Blacklick | $330K | $345K | +4.5% |
Mifflin Township | $330.3K | $345K | +4.4% |
Gahanna | $341.2K | $350K | +2.6% |
Housing Supply in Gahanna, OH
How many homes are available in Gahanna, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 98 | +12.6% |
Summary: The Gahanna real estate market had 98 homes for sale in March 2024, a 12.6% 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 | 9 | 11 | +22.2% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 42 | 48 | +14.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Gahanna 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 increased by 22.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Gahanna in March 2024, up by 52.6% month-over-month. Of the 29 sold homes, 34% were sold under asking, 7% were sold at asking, and 59% were sold over asking.
Days on Market for Gahanna, OH
How long does it take to sell a home in Gahanna, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -27.8% |
Summary: Homes in Gahanna had an average of 12 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Gahanna; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.