Is Licking County, 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, Licking County has remained a Seller's Market.
Key Takeaway
Licking County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Licking County, OH
How much do homes in Licking County, OH cost?
Median Sold Price
$298,707
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Licking County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Licking County was $298,707 in March 2024, up 2.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $145K | +2.1% |
| 2 Bedrooms | $165K | $182.7K | +10.8% |
| 3 Bedrooms | $269.6K | $277.5K | +2.9% |
| 4 Bedrooms | $384.6K | $399.2K | +3.8% |
| 5+ Bedrooms | $477K | $481.3K | +0.9% |
Summary: Licking County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Knox County | $235.1K | $263.4K | +12.0% |
| Fairfield County | $300K | $325.6K | +8.5% |
| Delaware County | $438.2K | $468.9K | +7.0% |
| Franklin County | $285K | $300.6K | +5.5% |
| Licking County | $290.4K | $298.7K | +2.8% |
Housing Supply in Licking County, OH
How many homes are available in Licking County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 695 | 742 | +6.8% |
Summary: The Licking County real estate market had 742 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 90 | 105 | +16.7% |
| 3 Bedrooms | 362 | 365 | +0.8% |
| 4 Bedrooms | 185 | 209 | +13.0% |
| 5+ Bedrooms | 55 | 60 | +9.1% |
Summary: The Licking County 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 16.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 141 | 154 | +9.2% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Licking County, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 154 homes were sold or pending in Licking County in March 2024, up by 9.2% month-over-month. Of the 154 sold homes, 45% were sold under asking, 27% were sold at asking, and 29% were sold over asking.
Days on Market for Licking County, OH
How long does it take to sell a home in Licking County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +13.7% |
Summary: Homes in Licking County had an average of 34 days on market in Mar 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Licking County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 154 homes were sold in Licking County; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
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