$3,266 Closing Credit*
$275,000
#224038259, Ibra Garba, Listing Office: e-Merge Real Estate Unlimited
Is Karn's Park, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Karn's Park has remained a Seller's Market.
Key Takeaway
Karn's Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Karn's Park, OH
How much do homes in Karn's Park, OH cost?
Median Sold Price
$251,625
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$20,625(+8.9%)
Key Takeaway
Homes in Karn's Park have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Karn's Park was $251,625 in September 2024, up 8.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $165K | $183K | +10.9% |
| 3 Bedrooms | $269K | $253.2K | -5.9% |
| 4 Bedrooms | $228K | $280K | +22.8% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Karn's Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Karn's Park | $231K | $251.6K | +8.9% |
| Southern Orchards | $270K | $285K | +5.6% |
Housing Supply in Karn's Park, OH
How many homes are available in Karn's Park, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Karn's Park real estate market had 7 homes for sale in September 2024, a 30.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Karn's Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Karn's Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Karn's Park in September 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Karn's Park, OH
How long does it take to sell a home in Karn's Park, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 73 Days | +285.2% |
Summary: Homes in Karn's Park had an average of 73 days on market in Sep 2024, up by 285.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Karn's Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 3 homes were sold in Karn's Park; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.