Is Groveport, 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, Groveport has remained a Seller's Market.
Key Takeaway
Groveport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveport, OH
How much do homes in Groveport, OH cost?
Median Sold Price
$300,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Groveport have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Groveport was $300,000 in March 2024, up 5.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $209.9K | $200K | -4.7% |
| 3 Bedrooms | $270K | $287.5K | +6.5% |
| 4 Bedrooms | $330K | $350K | +6.1% |
| 5+ Bedrooms | $370.7K | $385K | +3.8% |
Summary: Groveport 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 4.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Obetz | $269K | $293K | +8.9% |
| Canal Winchester | $302.6K | $322K | +6.4% |
| Groveport | $284K | $300K | +5.6% |
| Hamilton Township | $215K | $220K | +2.3% |
| Madison Township | $247.5K | $249.9K | +1.0% |
Housing Supply in Groveport, OH
How many homes are available in Groveport, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The Groveport real estate market had 49 homes for sale in March 2024, a 3.9% decrease 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Groveport 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 100%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveport, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Groveport in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Groveport, OH
How long does it take to sell a home in Groveport, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +60.9% |
Summary: Homes in Groveport had an average of 36 days on market in Mar 2024, up by 60.9% compared to last year.
Breakdown of Home Sale Times
6 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 Groveport are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Groveport; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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.