Is New Albany, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, New Albany has remained a Seller's Market.
Key Takeaway
New Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in New Albany, OH cost?
Median Sold Price
$690,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$58,700(+9.3%)
Key Takeaway
Homes in New Albany have sold for 9.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $479.5K | - | N/A |
| 2 Bedrooms | $408.2K | $481.4K | +17.9% |
| 3 Bedrooms | $457K | $500K | +9.4% |
| 4 Bedrooms | $600K | $657.5K | +9.6% |
| 5+ Bedrooms | $896K | $980K | +9.4% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Jersey Township | +40.5% |
| Mifflin Township | +16.1% |
| Jefferson Township | +11.8% |
| New Albany | +9.3% |
| Plain Township | +8.1% |
How many homes are available in New Albany, OH?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 53 | 48 | -9.4% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 24 | 25 | +4.2%  |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Albany, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 11 Days | 20 Days | +81.2% |
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Albany are selling fast, if you're buying plan to act quickly.
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. 